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RBC Capital Reaffirms Their Buy Rating on Walmart (WMT)

In a report released on November 11, Steven Shemesh from RBC Capital maintained a Buy rating on Walmart (WMTResearch Report), with a price target of $151.00. The company’s shares closed yesterday at $138.39.

According to TipRanks, Shemesh is an analyst with an average return of -4.7% and a 43.55% success rate. Shemesh covers the Consumer Goods sector, focusing on stocks such as Advance Auto Parts, Walmart, and Williams-Sonoma.

Walmart has an analyst consensus of Strong Buy, with a price target consensus of $153.56, which is a 10.96% upside from current levels. In a report released on November 11, Deutsche Bank also maintained a Buy rating on the stock with a $161.00 price target.

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The company has a one-year high of $159.49 and a one-year low of $116.76. Currently, Walmart has an average volume of 6.53M.

Based on the recent corporate insider activity of 190 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, 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.

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