Barclays Capital Sets Wal Mart Stores Price Target at $70.00 (WMT)
Investment analysts at Barclays Capital (NYSE: BCS) upped their target price on shares of Wal Mart Stores (NYSE: WMT) from $65.00 to $70.00 in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock.
Shares of Wal Mart Stores traded up 1.15% during mid-day trading on Wednesday, hitting $66.19. Wal Mart Stores has a one year low of $48.31 and a one year high of $65.95. The company has a market cap of $225.6 billion and a P/E ratio of 14.10.
Wal Mart Stores last issued its quarterly earnings data on Thursday, May 17th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.04 by $0.05. Wal Mart Stores’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Wal Mart Stores will post $1.05 earnings per share next quarter.
A number of other analysts have also recently weighed in on WMT. Analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Wal Mart Stores in a research note to investors on Friday, May 18th. They now have a $63.00 price target on the stock, up previously from $58.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wal Mart Stores in a research note to investors on Friday, May 18th. They now have a $65.00 price target on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Wal Mart Stores to $67.00 in a research note to investors on Friday, May 18th.
Wal-Mart Stores, Inc. (Walmart) operates retail stores in various formats around globally. Everyday low prices (EDLP) is the Company’s pricing philosophy under, which it price items at a low price everyday.