Why Analysts Love Wal-Mart Stores Inc (NYSE:WMT)

Analysts are getting bullish on Wal-Mart Stores Stores Inc (NYSE:WMT) after the company recently announced an ambitious stock buyback plan of worth $20 billion. Out of the 33 famous FactSet analysts covering the stock, 16 raised their price target for Walmart last week. Investment firm Susquehanna Financial said in a report that Walmart’s investor day developments showed that the company is well on track to become the retailer of tomorrow.

The firm increased its price target to $99 from $93. Walmart is pushing hard into the digital retail sector to compete with Amazon.com . Last year, Walmart acquired Jet.com which is one of the biggest ecommerce platforms in the world.

For this year Wal-Mart Stores Stores's revenue will be around 495,74 billion USD. This is according to the average of the analysts' estimates. The expected revenue would be a record for the company. This is slightly more than 2016's revenue of 485,87 billion USD.

Historical revenues and results Wal-Mart Stores Stores plus estimates 2017

The analysts expect for 2017 a net profit of 13,16 billion USD. The majority of the analysts expects for this year a profit per share of 4,37 USD. The price/earnings-ratio therefore equals 19,77.

For this year the analysts expect a dividend of 2,05 USD per share. The dividend yield is then 2,37 percent. The average dividend yield of the food & drug retailers equals a limited 0,85 percent.

Recent target prices around 81 USD

The most recent recommendations for the food & drug retailer are from KBC Securities, Goldman Sachs and RBC Capital Markets.

Based on the current number of shares Wal-Mart Stores Stores's market capitalization equals 273,2 billion USD.

On Thursday the stock closed at 86,4 USD.

Historical stock prices Wal-Mart Stores Stores

ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
news@valuespectrum.com

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.