Wal-Mart Stores, Inc. (WMT) Rating Reiterated by BMO Capital Markets
- Author: Zachary Reyes Feb 22, 2017,
Feb 22, 2017, 11:53
The Stock now has a Weekly Volatility of 1.39% and Monthly Volatility of 1.29%. (NYSE:WMT) opened at 69.37 on Monday. Target (TGT), which reports next week, wasn't active early. The Predicted Move on the 7th day after Wal-Mart Stores Inc.
Company shares have received an average consensus rating of Hold for the current week Wal-Mart Stores, Inc. Goldman Sachs Group, Inc. Finally, J P Morgan Chase & Co set a $64.00 price objective on shares of Wal-Mart Stores and gave the stock a "neutral" rating in a research report on Wednesday, February 15th.
The company earned $0.43 per share during the three months ended December 31, up from $0.26 per share during the year-ago period and exceeding the Capital IQ consensus by $$0.02 per share. Analyst's mean target price for IBM is $164.80 while analysts mean recommendation is 2.80. Wal-Mart Stores now has an average rating of "Hold" and a consensus price target of $74.41.
Shares of Wal-Mart were up 3.2 percent at $71.60 in premkaret trading.
Wal-Mart's better fourth quarter earnings exceeded those of competitor Target Corp., which continues to be hurt by disappointing customer traffic. The 52-week high of the share price is $75.19 and the 52-week low is $62.35. The stock has a 50 day moving average of $67.76 and a 200 day moving average of $70.21. Wal-Mart Stores Inc. P/E (price to earnings) ratio is 15.06 and Forward P/E ratio of 16. If you are viewing this article on another website, it was illegally stolen and republished in violation of global trademark & copyright laws. The company maintains price to book ratio of 2.90 vs.an industry average at 2.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several insiders were part of recent insider activity for the stock.
A number of other hedge funds have also recently made changes to their positions in WMT. Still, Wal-Mart's online sales account for only about 3% of its global sales, or about $14 billion. Moosejaw will be Wal-Mart's third acquisition in just over six months. TIAA CREF Investment Management LLC now owns 9,776,421 shares of the retailer's stock worth $705,075,000 after buying an additional 3,588,060 shares during the period.
While Wal-Mart will continue to be judged quarter by quarter, its long-term online prowess isn't so secure, says Nick Egelanian, president of retail development consultants SiteWorks International. In addition, WMT's board of directors also approved a 2 percent raise to its quarterly dividend payout to $2.04 a share annually.