Oppenheimer analyst Rupesh Parikh reiterated a Buy rating on Walmart (WMT) today and set a price target of $152.00. The company’s shares closed last Monday at $137.07.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.5% and a 63.3% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and United Natural Foods.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $148.20 average price target, an 8.6% upside from current levels. In a report issued on September 18, Cleveland Research also maintained a Buy rating on the stock.
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Based on Walmart’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $138 billion and net profit of $6.48 billion. In comparison, last year the company earned revenue of $130 billion and had a net profit of $3.61 billion.
Based on the recent corporate insider activity of 131 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMT in relation to earlier this year.
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.
Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl outside of the United States. The Sam’s Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.
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