Whole Foods Market (NYSE:WFM) was downgraded by research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a report released on Thursday, TheFlyOnTheWall.com reports. They currently have a $56.00 price objective on the stock. Northcoast Research’s price objective suggests a potential upside of 0.18% from the company’s current price.
A number of other analysts have also recently weighed in on WFM. Analysts at Zacks reiterated a “neutral” rating on shares of Whole Foods Market in a research note to investors on Tuesday. They now have a $59.00 price target on the stock. Separately, analysts at Williams Capital upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $64.00 price target on the stock, up previously from $53.00. Finally, analysts at Credit Suisse raised their EPS on shares of Whole Foods Market in a research note to investors on Thursday, August 1st. They now have a “neutral” rating and a $55.00 price target on the stock.
Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $74.88.
Shares of Whole Foods Market (NYSE:WFM) traded down 0.70% during mid-day trading on Thursday, hitting $55.51. Whole Foods Market has a 52 week low of $40.695 and a 52 week high of $56.83. The stock’s 50-day moving average is currently $54.. The company has a market cap of $20.666 billion and a P/E ratio of 76.58.
Whole Foods Market (NYSE:WFM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts predict that Whole Foods Market will post $1.46 earnings per share for the current fiscal year.
In other Whole Foods Market news, COO A C. Gallo dumped 4,582 shares of Whole Foods Market stock on the open market in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $55.40, for a total transaction of $253,842.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.
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