Wal-Mart Stores PT Lowered to $80.00 (WMT)

Furthermore, Wal-Mart has recently introduced a number of initiatives in order to improve the in-store services, which is also believed to have had a positive impact on the store traffic.

Shares of Wal-Mart Stores (NYSE:WMT) opened at 72.38 on Friday.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Tuesday, May 19th.

Shares of Wal-Mart have dropped 0.6% to $71.94 at 3:08 p.m. today, while Costco has dipped 0.1% to $146.01, Dollar General has advanced 0.1% to $79.30, and Dollar Tree has risen 0.8% to $78.37. The company has a market cap of $233.10 billion and a P/E ratio of 14.55. The 52-week low of the share price is at $70.36. For the current quarter, Wall Street brokerages are anticipating earnings of $1.12 per share for the quarter ending on 2015-07-31. The 50-day moving average is $72.48 and the 200 day moving average is recorded at $78.18. On the latter, management spoke to an 18-24 month peak investment period on the ecommerce front at the October 2014 Analyst Day but investors have become concerned that this period could extend beyond that initial time frame (with the company’s tone at the early June Shareholder meeting raising questions).

Did giant discounters Wal-Mart Stores (NYSE:WMT) and Target (NYSE:TGT) pull their weight in the second quarter and lure more customers than expected? Sell-side brokerages had anticipated earnings of 1.03, a difference of 0, to the actual reported number. They noted that the move was a valuation call. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $83.03 price objective on the stock in a research report on Monday, April 20th. Wolfe Research on the other hand has the most bearish outlook with “Underperform” rating and a price target of $66. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock.

Wal-Mart Stores, Inc. (Walmart) operates retail and other stores in various formats, including membership clubs. The Walmart U.S. section manages retail stores in all 50 states in the United States, Washington D.C. and Puerto Rico, with three main shop formats, as well as digital retail. The Company’s operations are conducted in three segments: Walmart U.S., Walmart worldwide and Sam’s Club. Its Walmart worldwide segment consists of retail operations in 26 countries.