#3 - Walmart (NYSE:WMT)
Say what you will about Walmart (NYSE:WMT), but the company has done more than just survive the pandemic. They are thriving and proving to be a relevant competitor to Amazon (NASDAQ:AMZN). Walmart embraced the e-commerce future, and that investment has paid off magnificently during the pandemic.
Walmart was already to go with curbside delivery, and the company is going to be jumping into home delivery with a new service, Walmart +. This service, which customers can access for $98 a year, or $12.95 per month will provide free delivery some times as fast as the same day.
It’s easy to see that Walmart is taking a direct shot at Amazon Prime. It’s a gamble, but one that the company can easily support with its solid balance sheet and fundamentals.
In the company’s last earnings report delivered in August, Walmart beat on both the top and bottom lines. The company posted earnings per share of $1.56 on revenue of $137.7 billion dollars. In the trailing twelve months ending in June, Walmart had $1.84 in free cash flow and a debt-to-equity ratio of 0.85%.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $59.85
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 25 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $61.97 (3.5% Upside)
