Robert W. Baird Believes Wal-Mart Stores Inc (NYSE: WMT) Won’t Stop Here

By Carrie Williams

In a report issued on September 15, Peter Benedict from Robert W. Baird reiterated a Buy rating on Wal-Mart Stores Inc (NYSE: WMT), with a price target of $85. The company’s shares closed on Friday at $80.38, close to its 52-week high of $81.99.

According to TipRanks.com, Benedict is a 3-star analyst with an average return of 2.8% and a 62.0% success rate. Benedict covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Dick’s Sporting Goods, and Sportsman’s Warehouse.

Wal-Mart Stores Inc has an analyst consensus of Moderate Buy, with a price target consensus of $85.14.

Based on Wal-Mart Stores Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $123 billion and quarterly net profit of $2.9 billion. In comparison, last year the company earned revenue of $120 billion and had a net profit of $3.77 billion.

Based on the recent corporate insider activity of 151 insiders, corporate insider sentiment is negative on the stock.

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.