Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.
Separately, HSBC downgraded shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 target price on the stock. in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Wal-Mart de Mexico SAB de CV presently has an average rating of “Strong Sell” and a consensus price target of $42.00.
View Our Latest Stock Analysis on WMMVY
Wal-Mart de Mexico SAB de CV Trading Down 0.5%
Shares of WMMVY opened at $25.96 on Tuesday. The firm has a fifty day moving average price of $26.75 and a 200-day moving average price of $30.04. The firm has a market capitalization of $44.91 billion, a P/E ratio of 16.22, a P/E/G ratio of 5.94 and a beta of 0.63. Wal-Mart de Mexico SAB de CV has a 12-month low of $24.80 and a 12-month high of $35.47.
Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). Wal-Mart de Mexico SAB de CV had a return on equity of 21.23% and a net margin of 4.90%. The company had revenue of $14.42 billion during the quarter, compared to analysts’ expectations of $13.88 billion. Analysts predict that Wal-Mart de Mexico SAB de CV will post 1.76 earnings per share for the current year.
Hedge Funds Weigh In On Wal-Mart de Mexico SAB de CV
A hedge fund recently raised its position 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 the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 544,703 shares of the company’s stock after buying 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 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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