BMO Capital Has Raised The Rating on Whole Foods Market (NASDAQ:WFM) To a “Market Perform”. The Target Price per Share is $42

June 20, 2017 - By Henry Gaston

  BMO Capital Has Raised The Rating on Whole Foods Market (NASDAQ:WFM) To a

Whole Foods Market (NASDAQ:WFM) Stock Upgrade

BMO Capital has upgraded shares of Whole Foods Market (NASDAQ:WFM) to a “Market Perform” in an analyst report revealed on moments ago, and has set an estimated 12-month target equal to $42. WFM’s previous stock rating was a “Underperform”.

Whole Foods Market, Inc. (NASDAQ:WFM) Ratings Coverage

Among 28 analysts covering Whole Foods Market Inc (NASDAQ:WFM), 9 have Buy rating, 6 Sell and 13 Hold. Therefore 32% are positive. Whole Foods Market Inc has $53 highest and $20 lowest target. $34.16’s average target is -20.96% below currents $43.22 stock price. Whole Foods Market Inc had 46 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, July 30 by Wedbush. The firm earned “Outperform” rating on Thursday, July 30 by RBC Capital Markets. The firm earned “Sell” rating on Tuesday, July 26 by Goldman Sachs. The rating was upgraded by Longbow on Friday, February 5 to “Neutral”. Credit Suisse upgraded Whole Foods Market, Inc. (NASDAQ:WFM) on Wednesday, June 1 to “Outperform” rating. The company was maintained on Thursday, July 30 by Telsey Advisory Group. Deutsche Bank maintained it with “Hold” rating and $26 target in Thursday, November 5 report. As per Thursday, July 30, the company rating was downgraded by Canaccord Genuity. On Monday, October 19 the stock rating was initiated by Buckingham Research with “Neutral”. The firm has “Market Perform” rating given on Monday, June 19 by BMO Capital Markets.

The stock increased 1.27% or $0.54 during the last trading session, reaching $43.22. About 210 shares traded. Whole Foods Market, Inc. (NASDAQ:WFM) has risen 16.62% since June 20, 2016 and is uptrending. It has underperformed by 0.08% the S&P500.

Whole Foods Market, Inc. is engaged in the business of natural and organic foods supermarket. The company has market cap of $17.83 billion. The Firm operates approximately 456 stores in the United States, Canada and the United Kingdom. It has a 34.37 P/E ratio. The Company’s stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.

More notable recent Whole Foods Market, Inc. (NASDAQ:WFM) news were published by: Reuters.com which released: “Whole Foods shares keep rising in bidding war speculation” on June 19, 2017, also Reuters.com with their article: “Blue Apron launches IPO roadshow under shadow of Amazon’s Whole Foods deal” published on June 19, 2017, Chicagotribune.com published: “Whole Foods CEO says ‘greedy’ investor wants to force sale” on June 14, 2017. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) were released by: Reuters.com and their article: “With Whole Foods, Amazon on collision course with Wal-Mart” published on June 18, 2017 as well as Marketwatch.com‘s news article titled: “Amazon could order GrubHub for ‘dessert’ after Whole Foods main course” with publication date: June 19, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.