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Wal-Mart Stores Inc (NYSE:WMT) stock price target increased to $77.00, issued a research note today by RBC Capital Markets

In a report announced on Wednesday October 11, 2017 RBC Capital Markets upped the price target of Wal-Mart Stores Inc (NYSE:WMT) to $77.00 stating a potential downside of -0.10%.

Previously on 8/18/2017, RBC Capital Markets released a statement about Wal-Mart Stores Inc (NYSE:WMT) increased the target price from $76.00 to $77.00. At the time, this indicated a possible downside of -0.03%.

Just yesterday Wal-Mart Stores Inc (NYSE:WMT) traded 4.47% higher at $85.96. Wal-Mart Stores Inc’s 50-day moving average is $79.46 and its 200-day moving average is $77.32. The last stock price is up 8.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 3,601 shares of WMT traded hands, down from an average trading volume of 8,346,390

Recent Performance Chart

Wal-Mart Stores Inc (NYSE:WMT)

Wal-Mart Stores Inc has 52 week low of $65.28 and a 52 week high of $84.88 with a PE ratio of 20.21 and has a market capitalization of $0.

In addition to RBC Capital Markets reporting its stock price target, a total of 25 brokerages have issued a research note on the company. The average stock price target is $69.11 with 4 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 21 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Wal-Mart Stores Inc (NYSE:WMT)

Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail. The Walmart International segment consists of the Company's operations outside of the United States, including various retail Websites. The Walmart International segment includes various formats divided into three categories: retail, wholesale and other. These categories consist of various formats, including supercenters, supermarkets, and warehouse clubs, such as Sam's Clubs, cash and carry, home improvement, specialty electronics, apparel stores, drug stores and convenience stores, as well as digital retail. The Sam's Club segment includes the warehouse membership clubs in the United States, and samsclub.com.

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