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Whole Foods Market Inc (NASDAQ:WFM) gets buy rating from Cantor Fitzgerald

Boston, MA 11/08/2013 (wallstreetpr) – Recently, the stock of shares belonging to Whole Foods Market Inc (NASDAQ:WFM) got buy rating which was reiterated by the analysts of Cantor Fitzgerald. The company now has a $71.00 price objective on the entire stock of shares. The analysts of Cantor Fitzgerald gave the price objective upside of around 24.00% from the current price company is having.

Talking about the recent trading session of the company, it traded down by 11.18% hitting to up to $57.26. In the latest trading session, around 19,291,942 shares were traded in hand. The 52 week low of the stock of shares of Whole Foods Market Inc is $40.69 and the 52 week high is $54.75. The company has a market cap of $21.33 billion and the P/E ration of the company is 44.46.

Moreover, recently the trading activity of Whole Foods Market Inc was also at target of some of the unusual options. The stock traders purchased around 23,254 call options of the company during the latest trading session. This helped in representing an increase of approximately 611% which was compared to the average volume of 3,271 call options.

Also the management of Whole Foods Market Inc announced their quarterly earnings results in which they reported earnings of $0.32 per share during the entire quarter and this has beaten the consensus estimate of $0.31 by $0.01. The management has also reported revenue of around $2.98 billion which was compared to the consensus estimate of $3.04 billion. Talking about the same quarter of last year the company got $0.60 earnings per share. The revenue of the company was up by 2.3% as compared to the same quarter last year.

Some of the other analysts have also commented on the stock of shares of Whole Foods Market Inc. Analysts of Sterne Agee also recapitulated a buy rating on the stock of share of Whole Foods Market Inc. Moreover, the analysts of Sun Trust also reiterated a buy rating to the company. Currently, the company has an average buy rating.

Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.

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