Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Down - Here's What Happened

Key Points

• Wal-Mart de Mexico SAB de CV shares experienced a significant drop, opening at $29.51 after closing at $30.43, indicating a potential market reaction to recent developments.
• Scotiabank downgraded the company's stock rating from "strong-buy" to "hold", although the overall analyst consensus remains a "Buy."
• In its last quarterly earnings report, the company reported $0.33 EPS, missing expectations by $0.06 and indicating revenue of $12.63 billion, below the consensus estimate of $12.75 billion.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $30.43, but opened at $29.51. Wal-Mart de Mexico SAB de CV shares last traded at $30.49, with a volume of 2,269 shares traded.

Analysts Set New Price Targets

Separately, Scotiabank cut shares of Wal-Mart de Mexico SAB de CV from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy".

Wal-Mart de Mexico SAB de CV Stock Performance

The stock has a market cap of $52.95 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 6.50 and a beta of 0.80. The firm's 50-day moving average is $30.56 and its two-hundred day moving average is $30.36. The company has a quick ratio of 0.34, a current ratio of 0.94 and a debt-to-equity ratio of 0.37.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). The business had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $12.75 billion. Wal-Mart de Mexico SAB de CV had a net margin of 5.22% and a return on equity of 22.23%. As a group, research analysts expect that Wal-Mart de Mexico SAB de CV will post 1.68 EPS for the current year.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount warehouses and stores, hypermarkets, supermarkets, and membership self-service wholesale stores. It operates Bodega Aurrerá discount stores, Walmart hypermarkets, Walmart Express supermarkets, and Sam's Club membership self-service wholesale stores.

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