RBC Capital analyst Scot Ciccarelli maintained a Buy rating on Walmart (WMT) on May 12 and set a price target of $163.00. The company’s shares closed last Thursday at $138.24.
According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 21.9% and a 75.2% success rate. Ciccarelli covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Advance Auto Parts.
Currently, the analyst consensus on Walmart is a Strong Buy with an average price target of $163.71, a 20.2% upside from current levels. In a report issued on May 10, Morgan Stanley also maintained a Buy rating on the stock with a $154.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $153.66 and a one-year low of $117.01. Currently, Walmart has an average volume of 9.21M.
Based on the recent corporate insider activity of 179 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. boasts retail and wholesale businesses. It offers an assortment of merchandise and services at everyday low prices through its stores, Walmart.com and mobile apps. The company conducts its operations through three business segments: Walmart U.S., Walmart International, and Sam’s Club (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.
