Walmart Inc [WMT] stock Resumed by Piper Sandler analyst, price target now $81

Walmart Inc [NYSE: WMT] closed the trading session at $69.24.

The stocks have a year to date performance of 31.76 percent and weekly performance of -1.14 percent. The stock has been moved at 28.79 percent over the last six months. The stock has performed 3.76 percent around the most recent 30 days and changed 15.23 percent over the most recent 3-months.

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If compared to the average trading volume of 15.63M shares, WMT reached to a volume of 12088123 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Walmart Inc [WMT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WMT shares is $73.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WMT stock is a recommendation set at 1.49. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Walmart Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 10, 2024. While these analysts kept the previous recommendation, Stifel raised their target price from $69 to $71. The new note on the price target was released on July 02, 2024, representing the official price target for Walmart Inc stock. Previously, the target price had yet another raise from $71 to $77, while Deutsche Bank kept a Buy rating on WMT stock. On June 10, 2024, analysts increased their price target for WMT shares from 66 to 81.

The Average True Range (ATR) for Walmart Inc is set at 1.00, with the Price to Sales ratio for WMT stock in the period of the last 12 months amounting to 0.85. The Price to Book ratio for the last quarter was 6.86, with the Price to Cash per share for the same quarter was set at 1.17. Price to Free Cash Flow for WMT in the course of the last twelve months was 38.44 with Quick ratio for the last quarter at 0.23.

WMT stock trade performance evaluation

Walmart Inc [WMT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.14. With this latest performance, WMT shares gained by 3.76% in over the last four-week period, additionally plugging by 28.79% over the last 6 months – not to mention a rise of 33.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WMT stock in for the last two-week period is set at 60.16, with the RSI for the last a single of trading hit 56.90, and the three-weeks RSI is set at 61.81 for Walmart Inc [WMT]. The present Moving Average for the last 50 days of trading for this stock 65.49, while it was recorded at 69.81 for the last single week of trading, and 58.15 for the last 200 days.

Walmart Inc [WMT]: An insightful look at the core fundamentals

Walmart Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.23 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for Walmart Inc [WMT] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WMT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Walmart Inc go to 8.17%.

Walmart Inc [WMT]: Institutional Ownership

There are presently around $180.02 billion, or None% of WMT stock, in the hands of institutional investors. The top three institutional holders of WMT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in WMT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in WMT stock with ownership which is approximately 5.1238%.

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