|Bid||104.50 x 100|
|Ask||104.51 x 100|
|Day's Range||104.35 - 104.68|
|52 Week Range||65.28 - 104.94|
|PE Ratio (TTM)||27.72|
|Forward Dividend & Yield||2.04 (2.03%)|
|1y Target Est||N/A|
Tracking Yahoo Finance's charts of the day
The graph below shows that Walmart’s (WMT) price target is on an uptrend with multiple analysts raising their price target in recent months thanks to the company’s strong sales and improved earnings on the back of stellar e-commerce sales and increased store traffic. Walmart has rolled out several customer-friendly initiatives aimed at saving time and money, which have bolstered the company’s top-line performance and helped its earnings to return to growth. Walmart’s value pricing, fast-delivery for online orders, expansion of online grocery pickup services, supply-chain reinvention, and omnichannel offerings resonate well with customers and solidify its competitive positioning.
Everything has gone right for Wal-Mart Stores Inc (NYSE:WMT) of late. Not that long ago, Walmart looked like it was floundering, and WMT stock was buffeted by fears it would become a potential victim of online competition. The company looks perfectly positioned for where US retail is headed.
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Wal-Mart is "still very much in control of its own destiny," says Goldman Sachs, which upgraded the retail giant to a buy from neutral on Thursday, adding the stock to its "conviction" list.
Wal-Mart has trademarked "Wam by Walmart" as the world's largest retailer continues to push ahead with grocery delivery pilot programs and e-commerce expansion.
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Goldman Sachs upgraded Wal-Mart and put the retail giant on its Conviction List based after a 2018 analysis ahead showed that it would be a good year for consumers.
It may sound strange, but the recent move by Wal-Mart Stores Inc (NYSE:WMT) to raise its minimum wage from $10 an hour to $11 an hour is likely a good thing for WMT stock. Walmart will save about $2.5 billion annually as a result of the cut. The tax cut, however, is not why WMT raised wages.
Walmart (WMT) had a great 2017, and as investors appear to be growing more comfortable with retailers—even with the seemingly ever-present threat from Amazon.com (AMZN)—there's optimism that Walmart can keep climbing. Goldman Sachs' Matthew Fassler thinks so: Fassler and his team upgraded Walmart to Buy and raised their price target by $2 to $117 on Thursday. Fassler writes that the move comes as he's grown more confident about the consumer in general—and believes that even with digital disruption, Walmart is still “very much in control of its own destiny.” He argues that Walmart's strategic positioning is attractive in the shifting retail landscape, and he also expects the company will hike its dividend, thanks to tax savings and repatriation of overseas cash.
A more favorable corporate tax rate is great, but a consumer with a lower personal rate and more money to spend is even better for Walmart.
Among the companies with shares expected to trade actively in Thursday's session are Morgan Stanley, Alcoa, Verizon, La Quinta Holdings, Wal-Mart Stores, Amazon.com and Alphabet.
Shares of Wal-Mart Stores Inc (NYSE: WMT ) have gained more than 50 percent over the past year as the company's various initiatives gained momentum. But one notable firm kept a neutral stance on the stock ...
Goldman Sachs raises its rating for Walmart shares to buy from neutral and added the retailer to its "Americas Conviction List."
As impressive as the 2017 performance by Alibaba Group Holding Ltd (NYSE:BABA) was, it’s important to remember that last year’s gains were an anomaly relative to the long-term pattern of Alibaba stock. It’s resumed that relatively sideways trading over the past few months: BABA trades not far above August highs. Investors have stepped in repeatedly when BABA nears $170.