J.P. Morgan analyst Christopher Horvers maintained a Hold rating on Walmart Inc. (WMT) today and set a price target of $115. The company’s shares closed last Monday at $112.99, close to its 52-week high of $115.49.
According to TipRanks.com, Horvers is a 5-star analyst with an average return of 10.0% and a 65.2% success rate. Horvers covers the Services sector, focusing on stocks such as Genuine Parts Company, Advance Auto Parts, and Home Depot.
Currently, the analyst consensus on Walmart Inc. is a Moderate Buy with an average price target of $119.22, implying a 4.5% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $112 price target.
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Walmart Inc.’s market cap is currently $321.7B and has a P/E ratio of 25.45. The company has a Price to Book ratio of 4.74.
Based on the recent corporate insider activity of 265 insiders, corporate insider sentiment is negative on the stock.
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