Wal-Mart Stores (NYSE: WMT) had its target price increased by MKM Partners from $72.00 to $76.00 in a report released on Friday. MKM Partners currently has a neutral rating on the stock.
Wal-Mart Stores traded up 0.64% on Friday, hitting $70.89. Wal-Mart Stores has a 1-year low of $57.18 and a 1-year high of $77.60. The stock’s 50-day moving average is currently $69.. The company has a market cap of $236.8 billion and a price-to-earnings ratio of 14.03.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Wednesday, August 7th.
A number of other analysts have also recently weighed in on WMT. Analysts at Oracle Investment Research downgraded shares of Wal-Mart Stores from a neutral rating to a sell rating in a research note to investors on Tuesday, February 19th. They now have a $60.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a hold rating on shares of Wal-Mart Stores in a research note to investors on Friday, February 15th. They now have a $68.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Wal-Mart Stores in a research note to investors on Friday, February 8th. They now have a $75.00 price target on the stock.
Eight investment analysts have rated the stock with a buy rating, two have given an overweight rating, seventeen have given a hold rating, and one has assigned a sell rating to the company. The company currently has a consensus rating of overweight and an average target price of $78.59.
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