Oppenheimer Sticks to Its Buy Rating for Walmart (WMT)

Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Walmart (WMT – Research Report) today and set a price target of $67.00. The company’s shares closed yesterday at $59.26.

Parikh covers the Consumer Cyclical sector, focusing on stocks such as Costco, Ulta Beauty, and Dollar General. According to TipRanks, Parikh has an average return of 10.6% and a 63.74% success rate on recommended stocks.

Currently, the analyst consensus on Walmart is a Strong Buy with an average price target of $65.97, representing an 11.32% upside. In a report released on April 16, Evercore ISI also maintained a Buy rating on the stock with a $66.00 price target.

WMT market cap is currently $477.2B and has a P/E ratio of 30.98.

Based on the recent corporate insider activity of 210 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Walmart (WMT) Company Description:

Walmart, Inc. boasts retail and wholesale businesses. It offers an assortment of merchandise and services at everyday low prices through its stores, Walmart.com and mobile apps. The company conducts its operations through three business segments: Walmart U.S., Walmart International, and Sam’s Club (membership-only warehouse clubs and samsclubs.com). The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.