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

Key Points

• WMMVY shares opened higher, rising from a prior close of $26.48 to $27.8528 before last trading at $26.92 on limited volume of 1,294 shares.
• Analyst sentiment remains cautious: 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 EPS of $0.37 versus $0.35 expected and revenue of $14.43 billion versus $14.32 billion estimated; Ferguson Wellman Capital Management also increased its stake by 3.1%.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $26.48, but opened at $27.8528. Wal-Mart de Mexico SAB de CV shares last traded at $26.92, with a volume of 1,294 shares.

Analysts Set New Price Targets

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

Wal-Mart de Mexico SAB de CV Stock Performance

The stock has a market capitalization of $46.71 billion, a P/E ratio of 16.88, a PEG ratio of 5.75 and a beta of 0.63. The firm has a fifty day moving average price of $27.93 and a two-hundred day moving average price of $30.09.

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

Institutional Trading of 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. lifted its stake in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 544,703 shares of the company's stock after buying 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 as of its most recent filing with the Securities & Exchange Commission.

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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