The stocks of WMT have been given a price rating of $162 by the analysts working at Royal Bank of Canada. This was then issued in a research report published last Friday. According to yet another report, the firm currently has a rating of buy on the stock of this retailer. The price target of the company would be indicative of an annual growth rate of about 16.89% on the current price of the stock.
The Stock Commentary On WMT
There have been quite a few companies that have commented on the stocks of WMT. Smith Barney Citigroup has been the first one to increase the price target on this supermarket chain from $155 to $172, which was published in an 18th November research note.
Citigroup also increased the price target of the company from $155 to $172, which was then published in another 18th November research report. Jefferies Financial also ended up increasing the objective price from $165 to $170, while giving WMT a rating of buy. BMO Capital Markets also increased the price target on the company from $160 to $175.
Three of the analysts covering the stocks of the firm have given it a rating of sell, while seven of them have given WMT a rating of hold. Twenty-eight of them gave the company a rating of buy. In the end, Walmart has been given a buy rating, with a $149.72 price target.
The stocks of WMT traded on Friday and reached a level of $0.93. The market cap for the firm was $392.11 billion, with a PE ratio fixed at 22.14. The PEG ratio was set at 4.86, with a 0.27 beta.
