RBC Capital Remains a Buy on Walmart (WMT)

In a report released today, Steven Shemesh from RBC Capital maintained a Buy rating on Walmart (WMT – Research Report), with a price target of $103.00. The company’s shares closed last Friday at $97.47.

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Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Ollie’s Bargain Outlet Holding, and Petco Health and Wellness Company. According to TipRanks, Shemesh has an average return of 1.9% and a 55.47% success rate on recommended stocks.

Walmart has an analyst consensus of Strong Buy, with a price target consensus of $109.89, a 12.74% upside from current levels. In a report released today, KeyBanc also reiterated a Buy rating on the stock with a $110.00 price target.

WMT market cap is currently $779.8B and has a P/E ratio of 41.81.

Based on the recent corporate insider activity of 192 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. Earlier this month, Walton Family Holdings Trust, a Major Shareholder at WMT sold 1,016,000.00 shares for a total of $100,428,790.36.