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.

Most of the analysts say Wal-Mart Stores Stores is cheap at this level. Currently the company is being followed by 10 researchers. The recommendations are: no sells, 2 times hold and 8 times buy. The average of the current target prices for the stock equals 138,1 USD. This is around 21 percent less than the current price of 87,44 USD. The latest 3 recommendations for the food & drug retailer were provided by Credit Suisse , BMO Capital Markets and Barclays .

Few different opinions valuations Wal-Mart Stores Stores

historical stocks

Wal-Mart Stores Stores's market capitalization is around 276,49 billion USD.

Historical stock prices Wal-Mart Stores Stores

financial analysis wal-martstores

On Friday the stock closed at 87,44 USD.

Analist.nl Nieuwsdienst: +31 084-0032-842
nieuws@analist.nl

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.