Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Reaches New 12-Month Low - Time to Sell?

Key Points

• Wal-Mart de Mexico shares fell to a new 52-week low, trading as low as $26.20 and below both their 50-day ($27.90) and 200-day ($30.05) moving averages.
• Analyst sentiment is cautious: HSBC downgraded the stock to “Reduce,” while the overall consensus is also “Reduce,” based on two Hold and two Sell ratings, with a $42 price target.
• The company recently exceeded quarterly expectations, reporting $0.37 in EPS versus $0.35 expected and revenue of $14.43 billion versus $14.32 billion forecast; Madison Asset Management nevertheless increased its stake by 16.2%.

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $26.20 and last traded at $26.70, with a volume of 3315 shares. The stock had previously closed at $26.8997.

Analyst Ratings Changes

Separately, HSBC lowered Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price objective for the company. in a research report on Tuesday, September 8th. Two equities 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, Wal-Mart de Mexico SAB de CV presently has an average rating of "Reduce" and a consensus price target of $42.00.

Wal-Mart de Mexico SAB de CV Price Performance

The stock's 50 day simple moving average is $27.90 and its two-hundred day simple moving average is $30.05. The firm has a market cap of $45.53 billion, a P/E ratio of 16.45, a P/E/G ratio of 5.83 and a beta of 0.63.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $14.43 billion for the quarter, compared to analysts' expectations 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%. Equities research analysts anticipate that Wal-Mart de Mexico SAB de CV will post 1.77 earnings per share for the current year.

Institutional Investors Weigh In On Wal-Mart de Mexico SAB de CV

An institutional investor recently raised its position in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC lifted its stake in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 16.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,001 shares of the company's stock after purchasing an additional 14,675 shares during the quarter. Madison Asset Management LLC's holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Wal-Mart de Mexico SAB de CV

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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