Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $26.8935, but opened at $28.36. Wal-Mart de Mexico SAB de CV shares last traded at $27.25, with a volume of 4,313 shares.
Wall Street Analysts Forecast Growth
Separately, HSBC downgraded Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 target price for the company. in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $42.00.
Get Our Latest Analysis on Wal-Mart de Mexico SAB de CV
Wal-Mart de Mexico SAB de CV Trading Down 3.6%
The business has a fifty day simple moving average of $26.78 and a 200 day simple moving average of $30.07.
Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). The firm had revenue of $14.42 billion during the quarter, compared to analyst estimates of $13.83 billion. On average, sell-side analysts expect 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
An institutional investor recently raised its position in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. boosted its holdings in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Free Report) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 544,703 shares of the company’s stock after acquiring 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.
About Wal-Mart de Mexico SAB de CV
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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