Wal-Mart Stores Inc (WMT) Receives a Hold from J.P. Morgan
In a report released today, Christopher Horvers from J.P. Morgan maintained a Hold rating on Wal-Mart Stores Inc (WMT), with a price target of $108. The company’s shares opened today at $99.88.
According to TipRanks.com, Horvers is a 5-star analyst with an average return of 9.8% and a 65.3% success rate. Horvers covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Ulta Beauty Inc, and Costco.
Currently, the analyst consensus on Wal-Mart Stores Inc is a Moderate Buy with an average price target of $112.80, which is a 12.9% 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.
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