Evercore ISI Keeps Their Buy Rating on Walmart (WMT)

In a report released yesterday, Greg Melich from Evercore ISI maintained a Buy rating on Walmart (WMT – Research Report), with a price target of $70.00. The company’s shares closed yesterday at $64.65.

According to TipRanks, Melich is a 4-star analyst with an average return of 7.0% and a 60.27% success rate. Melich covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, AutoZone, and Costco.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $70.24 average price target, an 8.65% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $75.00 price target.

The company has a one-year high of $64.42 and a one-year low of $47.66. Currently, Walmart has an average volume of 19.13M.

Based on the recent corporate insider activity of 211 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 (WMT) Company Description:

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.