Walmart (WMT) Receives a Buy from Nomura

By Ryan Adsit

Nomura analyst Michael Baker maintained a Buy rating on Walmart (WMTResearch Report) today and set a price target of $131.00. The company’s shares closed last Monday at $108.67.

According to, Baker is a 3-star analyst with an average return of 0.7% and a 53.2% success rate. Baker covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Burlington Stores.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $129.21 average price target, a 18.1% upside from current levels. In a report issued on March 17, Oppenheimer also upgraded the stock to Buy with a $125.00 price target.

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Walmart’s market cap is currently $309.9B and has a P/E ratio of 22.20. The company has a Price to Book ratio of 7.47.

Based on the recent corporate insider activity of 166 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.

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Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl outside of the United States. The Sam’s Club segment comprises membership-only warehouse clubs and The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.