Credit Suisse Maintains Their Hold Rating on Wal-Mart Stores Inc (WMT)


Credit Suisse analyst Seth Sigman maintained a Hold rating on Wal-Mart Stores Inc (WMT) today and set a price target of $103. The company’s shares opened today at $99.88.

According to TipRanks.com, Sigman is a 1-star analyst with an average return of -0.6% and a 49.4% success rate. Sigman covers the Services sector, focusing on stocks such as Advance Auto Parts, Michaels Companies, and Bed Bath & Beyond.

Wal-Mart Stores Inc has an analyst consensus of Moderate Buy, with a price target consensus of $111.58, an 11.7% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock with a $105 price target.

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Based on Wal-Mart Stores Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $139 billion and net profit of $3.69 billion. In comparison, last year the company earned revenue of $136 billion and had a net profit of $2.18 billion.

Based on the recent corporate insider activity of 216 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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