Wal-Mart Stores, Inc. (WMT) Rating Reiterated by BMO Capital Markets

Susquehanna analysts provided their view on Wal-Mart Stores, Inc.

Lore said Wal-Mart had a "nice uptick" in online sales after it recently made two-day shipping free in the United States. The 21 analysts gave Hold ratings in recent rating.

Company shares have received an average consensus rating of Hold for the current week Wal-Mart Stores, Inc.

Wal-Mart shares rose 3% to $71.45 on Tuesday. Analysts estimate 96 cents. The company has a market capitalization of $220.69 billion, a P/E ratio of 15.58 and a beta of 0.09.

Ritchie Bros. Auctioneers Inc surged 12.7 percent to C$45.72 after it reported fourth-quarter and 2016 annual results, while the overall industrials group rose 1.2 percent, helped also by gains for railroad stocks.

Most of the time when the instinctive response to an earnings report is, "it could have been worse", the stock in question doesn't fare particularly well.

Online sales gained 29 percent in the fourth quarter, which ended January 31. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%.

Revenue rose 1% to $130.94 billion. Shares are up 7% this year. On Tuesday, the company reported that comparable-store sales fell 2.1% in the latest quarter and its profit dropped 13%.

In case of Revenue Estimates, 23 analysts have provided their consensus Average Revenue Estimates for Wal-Mart Stores Inc.as 131.22 Billion.

The department store chain closed 66 stores in the last fiscal year, and is planning to shutter another 34 in addition to considering what to do with 50 other sites, including its flagship store In New York City's Herald Square. If you are viewing this article on another website, it was illegally stolen and republished in violation of global trademark & copyright laws. The correct version of this story can be read at https://www.com-unik.info/2017/02/21/wal-mart-stores-inc-wmt-given-a-75-00-price-target-at-sanford-c-bernstein.html.

"You've had an earnings season that has actually been better than expected, and I think that's what people are looking for, they were looking for something to justify where stock prices were", said Peter Costa, president of trading firm Empire Executions. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 51.55% of the company's stock. Wal-Mart Stores's revenue for the quarter was up.8% compared to the same quarter previous year. The Short Ratio for the stock is 3.8. LeJeune Puetz Investment Counsel LLC acquired a new position in Wal-Mart Stores during the fourth quarter valued at $663,000.

Wal-Mart has been aiming to improve its operations amid stronger competition. Walmart U.S. comps are seen rising between 1% and 1.5%, with Sam's comps excluding fuel were up 1%.

Wal-Mart spokeswoman Anne Hatfield told The Dallas Morning News Crowley was picked because of its location just off of Interstate 35 and being "on the outskirts of Dallas-Fort Worth, a very important market to us".



Other news