BMO Capital Reiterates a Sell Rating on Wal-Mart Stores

By Carrie Williams

In a report released yesterday, Wayne Hood from BMO Capital reiterated a Sell rating on Wal-Mart Stores (NYSE: WMT), with a price target of $63. The company’s shares opened today at $69.71.

According to TipRanks.com, Hood is a 5-star analyst with an average return of 13.0% and a 68.3% success rate. Hood covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Dollar General, and Hibbett Sports.

Wal-Mart Stores has an analyst consensus of Moderate Buy, with a price target consensus of $74.67.

Based on Wal-Mart Stores’ latest earnings report from July 31, the company posted quarterly revenue of $120.9B and quarterly net profit of $3.77B. In comparison, last year the company earned revenue of $117.4B and had a net profit of $3.3B.

Based on the recent corporate insider activity of 125 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Robson Walton, a Director at WMT sold 2,100,000 shares for a total of $150,001,246.