Several brokerages have updated their recommendations and price targets on shares of Wal-Mart Stores (NYSE: WMT) in the last few weeks:

  • 1/19/2016 – Wal-Mart Stores was given a new $65.00 price target on by analysts at Morgan Stanley. They now have a “neutral” rating on the stock.
  • 1/19/2016 – Wal-Mart Stores was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $70.83 price target on the stock.
  • 1/18/2016 – Wal-Mart Stores was given a new $70.00 price target on by analysts at Nomura. They now have a “buy” rating on the stock.
  • 1/18/2016 – Wal-Mart Stores was given a new $58.00 price target on by analysts at Goldman Sachs. They now have a “neutral” rating on the stock.
  • 1/15/2016 – Wal-Mart Stores had its “hold” rating reaffirmed by analysts at MKM Partners. They now have a $63.00 price target on the stock.
  • 1/15/2016 – Wal-Mart Stores had its “buy” rating reaffirmed by analysts at Robert W. Baird.
  • 1/11/2016 – Wal-Mart Stores was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $67.77 price target on the stock.
  • 1/6/2016 – Wal-Mart Stores was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $64.36 price target on the stock.
  • 12/21/2015 – Wal-Mart Stores was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $66.00 price target on the stock. According to Zacks, “Wal-Mart has delivered positive comps in the U.S. in the last five quarters, after delivering negative comps for many quarters. This was the result of lower fuel prices, which eased consumers’ spending power. Wal-Mart’s U.S. sales edged higher as changes in stores helped the retailer attract shoppers. E-commerce sales have also contributed to the company’s sales. However, the company has been facing a huge expense burden of late. Huge investments in e-commerce initiatives, higher wages and training costs increased expenses. Lower Wal-Mart U.S. margins due to headwinds from pharmacy reimbursements and ongoing shrink also dampened operating income. This along with unfavorable currency took a toll on the results. The company expects these headwinds to continue in the near term.”
  • 12/16/2015 – Wal-Mart Stores was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $63.56 price target on the stock.
  • 12/14/2015 – Wal-Mart Stores had its “buy” rating reaffirmed by analysts at Nomura. They now have a $70.00 price target on the stock.
  • 12/14/2015 – Wal-Mart Stores was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $61.96 price target on the stock.
  • 12/7/2015 – Wal-Mart Stores was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $61.96 price target on the stock.
  • 12/2/2015 – Wal-Mart Stores had its “hold” rating reaffirmed by analysts at Deutsche Bank. They now have a $63.00 price target on the stock.
  • 11/30/2015 – Wal-Mart Stores was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $62.30 price target on the stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.14% during trading on Wednesday, hitting $64.09. 6,787,120 shares of the stock were exchanged. The firm’s 50-day moving average is $61.51 and its 200 day moving average is $63.90. Wal-Mart Stores, Inc. has a 1-year low of $56.30 and a 1-year high of $88.23. The company has a market cap of $205.21 billion and a P/E ratio of 13.72.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 17th. The retailer reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The business earned $117.40 billion during the quarter, compared to analyst estimates of $117.79 billion. During the same quarter last year, the business earned $1.15 earnings per share. Wal-Mart Stores’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts forecast that Wal-Mart Stores, Inc. will post $4.53 earnings per share for the current fiscal year.

In other news, Director Timothy Patrick Flynn bought 10,000 shares of the stock in a transaction that occurred on Wednesday, December 2nd. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $584,600.00. Following the completion of the acquisition, the director now owns 25,374 shares in the company, valued at $1,483,364.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (NYSE:WMT). The Company’s operations are conducted in three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail, wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico, as well as digital retail.

12 Month Chart for NYSE:WMT

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