Walmart Inc (WMT: NYE) is reportedly planning to lay off hundreds of employees as part of a company restructuring, according to sources familiar with the matter. The news comes just two days before Walmart is scheduled to announce its first-quarter earnings on May 16th.
Stock Target Advisor Analysis of Walmart:
Stock Target Advisor gives Walmart Inc a Hold rating, setting a target price of $148.16. The average analyst rating leans towards a Strong Buy, despite the Neutral analysis based on 8 positive and 8 negative signals from Stock Target Advisor. As of the last closing, Walmart Inc’s stock price stood at $60.41. The stock price has shown a marginal increase – 0.54% over the past week and 0.27% over the past month. Interestingly, the stock price surged by 19.32% over the last year.
A Look into the Valuation Ratios of Walmart’s Stock:
Valuation ratios like PE Ratio, Price to Book Ratio and Price to Cash Flow Ratio help investors understand if the stock is over or under-priced. Walmart’s PE Ratio is 31.17, whereas the Price to Book Ratio and Price to Cash Flow Ratio are 5.78 and 13.43 respectively. These figures underscore the need for a careful evaluation for potential investors.
Conclusion:
Walmart has been facing challenges in recent years, including increased competition from online retailers and rising labor costs. Layoffs could be a way for the company to
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
