KeyBanc Believes Wal-Mart Stores Inc (NYSE: WMT) Won’t Stop Here

By Austin Angelo

In a report released yesterday, Edward Yruma from KeyBanc reiterated a Buy rating on Wal-Mart Stores Inc (NYSE: WMT), with a price target of $100. The company’s shares closed yesterday at $90.99, close to its 52-week high of $91.98.

According to TipRanks.com, Yruma is a 3-star analyst with an average return of 2.8% and a 52.3% success rate. Yruma covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and New York & Company.

Currently, the analyst consensus on Wal-Mart Stores Inc is Moderate Buy and the average price target is $90.15, representing a -0.9% downside.

In a report issued on November 9, Robert W. Baird also maintained a Buy rating on the stock with a $95 price target.

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 $118 billion and had a net profit of $3.03 billion.

Based on the recent corporate insider activity of 158 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.