Royal Bank Of Canada Maintains 'Outperform' Rating on Walmart
Royal Bank of Canada has reaffirmed its 'outperform' rating for Walmart (NASDAQ:WMT) and set a price objective of $137.00, indicating a potential upside of 19.22% from the current stock price.
The rating was issued in a report released on Wednesday by Royal Bank Of Canada, according to Benzinga. This is not an isolated opinion, as several other research analysts have also commented on WMT, with KeyCorp reiterating its 'overweight' rating and BNP Paribas Exane dropping their price objective from $147.00 to $146.00.
Walmart's stock traded up $1.65 during mid-day trading on Wednesday, reaching a price of $114.91. The company has a market capitalization of $914.46 billion and a debt-to-equity ratio of 0.42.
In the last quarter, Walmart reported $177.75 billion in revenue, exceeding analysts' expectations of $174.84 billion. The company's quarterly earnings data was announced on Thursday, May 21st, with the retailer reporting $0.66 EPS for the quarter, meeting the consensus estimate.