Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Down – Should You Sell?

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $27.22, but opened at $26.07. Wal-Mart de Mexico SAB de CV shares last traded at $27.19, with a volume of 11,029 shares changing hands.

Analyst Upgrades and Downgrades

Separately, HSBC cut 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 report on Tuesday, September 8th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $42.00.

Wal-Mart de Mexico SAB de CV Price Performance

The company has a market cap of $45.74 billion, a PE ratio of 16.91, a PEG ratio of 5.91 and a beta of 0.63. The business has a 50-day moving average of $26.86 and a 200 day moving average of $29.08.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last posted its earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.32 billion. Wal-Mart de Mexico SAB de CV had a return on equity of 21.23% and a net margin of 4.90%. On average, equities analysts predict that Wal-Mart de Mexico SAB de CV will post 1.76 EPS for the current fiscal 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. increased its holdings in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 544,703 shares of the company’s stock after buying an additional 16,289 shares during the quarter. 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 reporting period.

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.