Stock Update (NYSE:WMT): Wal-Mart closed over 10 pct of Brazil stores in restructuring – sources

[Reuters] – Wal-Mart Stores Inc has closed about 60 stores in Brazil, or more than 10 percent of its locations in the country, as part of a restructuring of one of the retailing giant’s most important overseas markets, … Read more on this. Wal-Mart Stores Inc. (WMT) , valued at $201.91B, started trading this morning at $62.00. Today, shares have traded between $61.82 and $63.62 per share and has traded between $56.30 and $89.26 over the past year. WMT shares are currently priced at 13.58x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.49x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.96 per share annually in dividends, yielding 3.08%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.46 per share, which would be $0.15 worse than the year-ago quarter and a $0.03 sequential increase. What we find to be interesting is that the full-year EPS estimate of $4.56 is a $0.51 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $131.13 Billion. If reported, that would be a 0.33% decrease over the year-ago quarter. In terms of ratings, Northcoast upgraded WMT from Neutral to Buy (Nov 13, 2015). Previously, Citigroup Initiated WMT at to Neutral. The average price target for WMT shares is $63.54, which is 2.48% above where the stock opened this morning. See more in (NYSE:WMT) Similar Articles: Market Update: Wal-Mart Stores Inc (NYSE:WMT) – Wal-Mart goes "deep" on holiday inventory in bid to boost sales Company Update: Wal-Mart Stores Inc (NYSE:WMT) – U.S. ends probe of Wal-Mart on ‘Made in USA’ logo Market Update: Wal-Mart Stores Inc (NYSE:WMT) – Wal-Mart Stores, Inc. to Webcast 22nd Annual Meeting for the Investment Community