Oppenheimer analyst Rupesh Parikh maintained a Hold rating on Wal-Mart Stores Inc (NYSE: WMT) today. The company’s shares closed yesterday at $93.82.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.5% and a 60.9% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Sprouts Farmers.
Currently, the analyst consensus on Wal-Mart Stores Inc is a Moderate Buy with an average price target of $107.58, implying a 14.7% 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 211 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.
