Top25-SA-Banner

J.P. Morgan Reaffirms Their Hold Rating on Wal-Mart Stores Inc (WMT)


J.P. Morgan analyst Christopher Horvers maintained a Hold rating on Wal-Mart Stores Inc (NYSE: WMT) today and set a price target of $108. The company’s shares closed on Friday at $93.31.

According to TipRanks.com, Horvers is a 4-star analyst with an average return of 9.4% and a 66.4% success rate. Horvers covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Bed Bath & Beyond, and Home Depot.

Currently, the analyst consensus on Wal-Mart Stores Inc is a Moderate Buy with an average price target of $107.16, a 14.8% upside from current levels. In a report issued on October 4, Morgan Stanley also maintained a Hold rating on the stock with a $98 price target.

.

See today’s analyst top recommended stocks >>

Based on Wal-Mart Stores Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $128 billion and GAAP net loss of $861 million. In comparison, last year the company earned revenue of $123 billion and had a net profit of $2.9 billion.

Based on the recent corporate insider activity of 210 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.