Jefferies Sticks to Their Buy Rating for Wal-Mart Stores Inc (WMT)
Jefferies analyst Christopher Mandeville reiterated a Buy rating on Wal-Mart Stores Inc (WMT) yesterday and set a price target of $115. The company’s shares opened today at $101.81.
Mandeville has an average return of 9.9% when recommending Wal-Mart Stores Inc.
According to TipRanks.com, Mandeville is ranked #819 out of 5188 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wal-Mart Stores Inc with a $112.80 average price target, which is a 10.8% upside from current levels. In a report issued on February 4, Morgan Stanley also maintained a Buy rating on the stock with a $110 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.
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