Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Down - Time to Sell?

Key Points

• Walmex shares opened lower, falling from a prior close of $27.22 to $26.07 before recovering near $27.19; trading volume was 11,029 shares.
• Analyst sentiment is bearish: HSBC downgraded the stock to “Reduce,” while the broader analyst consensus is also “Reduce,” with a $42.00 price target.
• The company exceeded quarterly expectations, reporting earnings of $0.37 per share versus the $0.35 consensus and revenue of $14.43 billion; meanwhile, Ferguson Wellman Capital Management increased its stake by 3.1%.

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $27.22, but opened at $26.07. Wal-Mart de Mexico SAB de CV shares last traded at $27.19, with a volume of 11,029 shares trading hands.

Analyst Ratings Changes

Separately, HSBC lowered Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price objective on the stock. 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 stock. According to data from MarketBeat, Wal-Mart de Mexico SAB de CV currently has an average rating of "Reduce" and a consensus price target of $42.00.

Wal-Mart de Mexico SAB de CV Trading Down 0.9%

The stock has a market cap of $46.68 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 5.81 and a beta of 0.63. The business's fifty day simple moving average is $26.92 and its 200 day simple moving average is $29.17.

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

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

An institutional investor recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. increased its position in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 544,703 shares of the company's stock after acquiring an additional 16,289 shares during the quarter. 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 quarter.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, SAB. de C.V., commonly known as Walmex, is a retail company that operates Walmart's business in Mexico and Central America. The company sells groceries, fresh food, household products, apparel, electronics, appliances, health and beauty products, and other general merchandise through a variety of store formats.

Walmex operates stores under brands including Walmart, Walmart Express, Bodega Aurrera and Sam's Club. Bodega Aurrera serves value-oriented consumers, while Walmart and Walmart Express offer full-service and smaller-format shopping experiences.

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