Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Up - What's Next?

Key Points

• Wal-Mart de Mexico SAB de CV's stock price opened at $31.50, up from the previous close of $30.06, with last-traded shares at $30.19.
• Scotiabank has downgraded the company from a "strong-buy" rating to a "sector perform" rating, indicating a shift in analyst sentiment.
• The company's latest quarterly earnings missed expectations with reported earnings per share of $0.33, falling short of the consensus estimate of $0.39.

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $30.06, but opened at $31.50. Wal-Mart de Mexico SAB de CV shares last traded at $30.19, with a volume of 1,680 shares trading hands.

Analysts Set New Price Targets

Separately, Scotiabank downgraded Wal-Mart de Mexico SAB de CV from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 5th.

Wal-Mart de Mexico SAB de CV Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.34. The stock has a market capitalization of $52.60 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 6.48 and a beta of 0.78. The company has a 50-day simple moving average of $31.24 and a two-hundred day simple moving average of $30.08.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last posted its earnings results on Wednesday, July 16th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). The company had revenue of $12.63 billion during 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%. On average, equities research analysts predict that Wal-Mart de Mexico SAB de CV will post 1.68 earnings per share for the current year.

Wal-Mart de Mexico SAB de CV Company Profile

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.