J.P. Morgan analyst Christopher Horvers maintained a Hold rating on Walmart (WMT – Research Report) today and set a price target of $59.00. The company’s shares opened today at $64.22.
Horvers covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, Costco, and Tractor Supply. According to TipRanks, Horvers has an average return of 8.0% and a 61.69% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $66.24 average price target.
WMT market cap is currently $482.2B and has a P/E ratio of 31.27.
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.
Read More on WMT:
- Options Volatility and Implied Earnings Moves Today, May 16, 2024
- Walmart’s reign as biggest company by revenue in U.S. under threat, WSJ says
- Walmart added to ‘Best-of-Breed Bison’ list at DA Davidson
- Walmart plans to lay off hundreds, to relocate other workers, WSJ reports
- Walmart Plans Layoffs Ahead of Q1 Results
