Walmart (WMT) Receives a Rating Update from a Top Analyst

In a report released yesterday, Scot Ciccarelli from RBC Capital maintained a Hold rating on Walmart (WMTResearch Report), with a price target of $124.00. The company’s shares closed last Monday at $120.65, close to its 52-week high of $125.38.

According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 17.8% and a 76.0% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Walmart with a $125.67 average price target, representing a 0.9% upside. In a report issued on November 4, Oppenheimer also maintained a Hold rating on the stock with a $125.00 price target.

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Based on Walmart’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $130 billion and net profit of $3.61 billion. In comparison, last year the company earned revenue of $125 billion and had a net profit of $1.71 billion.

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