Here’s What Analysts Recommend for Walmart Stock
The majority of analysts covering Walmart (WMT) have given a “neutral” recommendation on the stock.
On Monday, analyst Matthew Fassler with Goldman Sachs downgraded Walmart (WMT) stock to “neutral” from “buy” with a target price of $100.
J.M. Smucker’s (SJM) fiscal 2Q18 margins continued to fall. The company’s lower volumes, lower mix, and higher input costs impacted its profitability.
J.M. Smucker’s (SJM) Retail Coffee segment continued to post soft sales. In fiscal 2Q18, the segment’s sales remained largely flat at $0.6 billion.
J.M. Smucker’s sales of $1.9 billion beat analysts’ estimate and rose 0.5% YoY due to higher net price realization in its peanut butter and fruit spreads.
J.M. Smucker (SJM) announced better-than-expected fiscal 2Q18 (ending October 31, 2017) results on November 16, 2017.
J.M. Smucker beat sales and earnings estimates in fiscal 2Q18. As a result, several analysts covering the stock raised their target price.
Walmart (WMT) reported strong fiscal 3Q18 results, and several analysts raised their target prices on the stock. Jefferies increased its target price to $110 from $105.
Walmart’s (WMT) profit margins continue to slide despite the company’s improving sales led by higher traffic and average ticket size.
Walmart’s (WMT) Sam’s Club once again posted healthy top-line growth, driven by the company’s multichannel offerings and focus on e-commerce.
Walmart’s (WMT) International segment returned to growth due to improvement in comps (comparables) in ten of the 11 markets.
Walmart (WMT) continued to impress with its e-commerce sales in fiscal 3Q18. During the quarter, its digital sales in the United States (SPY) rose 50%.
Walmart’s (WMT) US segment continued to shine in fiscal 3Q18, with its top line rising 4.3% YoY (year-over-year) to $77.7 billion.
Walmart (WMT) reported sales of $123.2 billion in fiscal 3Q18, which easily exceeded analysts’ expectation of $121 billion, rose 4.2% YoY (year-over-year).
Walmart (WMT) reported stronger-than-expected fiscal 3Q18 earnings. Its adjusted EPS (earnings per share) of $1 beat analysts’ expectation of $0.97, rising 2% YoY.
Walmart (WMT) stock rose 10.9% to $99.62 after the company reported better-than-expected fiscal 3Q18 results on Thursday, November 16, 2017. Several analysts raised their price targets on the stock.
Prykull favored dollar stores and called them relatively “immune.” He was particularly positive on Dollar Tree (DLTR) and named the stock as his top pick.
Prykull assumed a “neutral” rating for Kroger (KR) and said that although the company has an “ok” online position, investors need to remain cautious.
On November 14, 2017, Goldman Sachs assumed coverage on several food retail stocks—mostly with a cautious outlook.
Target (TGT) stock was trading at a forward PE ratio of 12.6x as of November 15, 2017, which is significantly below the peer group average of 19.1x.