RBC Capital analyst Scot Ciccarelli reiterated a Hold rating on Wal-Mart Stores Inc (NYSE: WMT) yesterday and set a price target of $102. The company’s shares opened today at $97.77.
According to TipRanks.com, Ciccarelli is a 5-star analyst with an average return of 16.4% and a 74.0% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wal-Mart Stores Inc with a $103.55 average price target, implying a 5.9% upside from current levels. In a report issued on August 7, J.P. Morgan also maintained a Hold rating on the stock with a $87 price target.
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Wal-Mart Stores Inc’s market cap is currently $291.1B and has a P/E ratio of 32.99. The company has a Price to Book ratio of 3.85.
Based on the recent corporate insider activity of 188 insiders, corporate insider sentiment is negative on the stock.
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