Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Hits New 52-Week Low - Here's Why

Key Points

• Walmart de México shares hit a new 52-week low, trading as low as $25.51 and recently at $26.19. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is cautious: HSBC downgraded the stock to “Reduce,” while the consensus rating is also “Reduce” with a $42.00 price target.
• The company exceeded quarterly expectations, reporting $0.37 in EPS versus a $0.35 estimate and revenue of $14.43 billion versus $14.32 billion expected. Ferguson Wellman Capital Management increased its stake by 3.1% during the second quarter.

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) reached a new 52-week low on Monday. The company traded as low as $25.51 and last traded at $26.19, with a volume of 2018 shares traded. The stock had previously closed at $25.85.

Wall Street Analysts Forecast Growth

Separately, HSBC cut shares of Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price target on the stock. in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Wal-Mart de Mexico SAB de CV currently has an average rating of "Reduce" and a consensus target price of $42.00.

Wal-Mart de Mexico SAB de CV Trading Up 0.2%

The company has a market cap of $45.59 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 5.75 and a beta of 0.63. The firm has a 50-day moving average price of $27.68 and a 200 day moving average price of $29.85.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $14.43 billion for the quarter, compared to analyst estimates of $14.32 billion. Wal-Mart de Mexico SAB de CV had a return on equity of 21.23% and a net margin of 4.90%. Research analysts anticipate that Wal-Mart de Mexico SAB de CV will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. increased its holdings in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 544,703 shares of the company's stock after buying an additional 16,289 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in Wal-Mart de Mexico SAB de CV were worth $16,020,000 as of its most recent filing with the SEC.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, SAB. de C.V., commonly known as Walmart de México y Centroamérica or Walmex, is a retail company that operates a portfolio of stores across Mexico and Central America. It serves consumers through a range of formats, including Walmart and Walmart Express supermarkets, Bodega Aurrera discount stores, and Sam's Club membership warehouses.

The company sells groceries, fresh foods, household goods, apparel, electronics, general merchandise, and other consumer products. Its business also includes e-commerce and digital shopping services, supported by store-based fulfillment and delivery capabilities.

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