Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Sets New 1-Year Low - What's Next?

Key Points

• Wal-Mart de México shares hit a new 52-week low, falling to $26.50 during Monday trading and remaining below both the 50-day and 200-day moving averages.
• Analyst sentiment is cautious: HSBC downgraded the stock to “Reduce,” while the overall consensus rating is “Reduce” with a $42.00 price target.
• The company exceeded quarterly expectations, reporting $0.37 earnings per share and $14.43 billion in revenue, above estimates of $0.35 EPS and $14.32 billion in revenue.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $26.50 and last traded at $26.53, with a volume of 12971 shares traded. The stock had previously closed at $27.02.

Wall Street Analysts Forecast Growth

Separately, HSBC lowered Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price target for the company. in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $42.00.

Wal-Mart de Mexico SAB de CV Trading Down 0.7%

The firm has a fifty day moving average of $28.07 and a two-hundred day moving average of $30.27. The company has a market capitalization of $46.10 billion, a PE ratio of 16.66, a PEG ratio of 2.19 and a beta of 0.63.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $14.43 billion during the quarter, compared to the consensus estimate 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%. On average, equities analysts expect that Wal-Mart de Mexico SAB de CV will post 1.76 EPS for the current fiscal 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. Ferguson Wellman Capital Management Inc. boosted its position in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 544,703 shares of the company's stock after acquiring 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 at the end of the most recent reporting period.

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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