Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $26.69 and traded as high as $27.10. Wal-Mart de Mexico SAB de CV shares last traded at $26.7350, with a volume of 217,502 shares changing hands.
Analyst Ratings Changes
Several brokerages have weighed in on WMMVY. HSBC cut Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 price objective for the company. in a report on Tuesday, September 8th. Zacks Research lowered Wal-Mart de Mexico SAB de CV from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Sell” and a consensus price target of $42.00.
Read Our Latest Research Report on Wal-Mart de Mexico SAB de CV
Wal-Mart de Mexico SAB de CV Stock Up 3.2%
The company has a 50-day simple moving average of $26.69 and a two-hundred day simple moving average of $29.98. The stock has a market cap of $46.25 billion, a P/E ratio of 16.61, a P/E/G ratio of 6.08 and a beta of 0.63.
Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). Wal-Mart de Mexico SAB de CV had a net margin of 4.79% and a return on equity of 20.72%. The company had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $13.88 billion. As a group, sell-side analysts forecast that Wal-Mart de Mexico SAB de CV will post 1.69 earnings per share for the current fiscal year.
Institutional Investors 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. boosted its stake in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Free Report) by 3.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor 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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