Jefferies Reaffirms Their Buy Rating on Walmart (WMT)

Jefferies analyst Corey Tarlowe maintained a Buy rating on Walmart (WMT – Research Report) today and set a price target of $70.00. The company’s shares closed last Thursday at $60.17.

According to TipRanks, Tarlowe is a 5-star analyst with an average return of 14.9% and a 66.88% success rate. Tarlowe covers the Consumer Cyclical sector, focusing on stocks such as Murphy USA, Abercrombie Fitch, and Costco.

Walmart has an analyst consensus of Strong Buy, with a price target consensus of $66.05, implying a 9.77% upside from current levels. In a report released on March 27, Telsey Advisory also maintained a Buy rating on the stock with a $68.00 price target.

Based on Walmart’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $160.8 billion and a net profit of $453 million. In comparison, last year the company earned a revenue of $152.81 billion and had a GAAP net loss of $1.8 billion

Based on the recent corporate insider activity of 206 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.