TheStreet reaffirmed their buy rating on shares of Whole Foods Market (NYSE: WFM) in a report issued on Friday, Analyst Ratings Network reports.
“Whole Foods Market (WFM) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.”
,” the firm’s analyst commented.
Shares of Whole Foods Market (NYSE: WFM) traded up 1.09% during mid-day trading on Friday, hitting $92.80. Whole Foods Market has a one year low of $81.39 and a one year high of $101.86. The stock’s 50-day moving average is currently $86.05. The company has a market cap of $17.199 billion and a P/E ratio of 34.63.
A number of other analysts have also recently weighed in on WFM. Analysts at Piper Jaffray downgraded shares of Whole Foods Market from an overweight rating to a neutral rating in a research note to investors on Monday, March 25th. They now have a $89.00 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Whole Foods Market in a research note to investors on Tuesday, March 19th. They set a market perform rating on the stock. Finally, analysts at Edward Jones upgraded shares of Whole Foods Market from a hold rating to a buy rating in a research note to investors on Monday, March 11th.
Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Whole Foods Market currently has a consensus rating of Buy and a consensus price target of $102.33.
Whole Foods Market, Inc. (NYSE: WFM) is a natural and organic foods supermarkets.
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