Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Up – Time to Buy?

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $26.48, but opened at $27.8528. Wal-Mart de Mexico SAB de CV shares last traded at $26.92, with a volume of 1,294 shares.

Analysts Set New Price Targets

Separately, HSBC downgraded shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 price target on the stock. in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Wal-Mart de Mexico SAB de CV has an average rating of “Reduce” and a consensus price target of $42.00.

Wal-Mart de Mexico SAB de CV Trading Up 0.4%

The firm has a market cap of $46.71 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 5.75 and a beta of 0.63. The stock has a 50 day simple moving average of $27.93 and a 200-day simple moving average of $30.09.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a return on equity of 21.23% and a net margin of 4.90%.The business had revenue of $14.43 billion for the quarter, compared to analysts’ expectations of $14.32 billion. On average, equities research analysts expect that Wal-Mart de Mexico SAB de CV will post 1.77 EPS for the current year.

Institutional Trading of Wal-Mart de Mexico SAB de CV

An institutional investor recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC increased its holdings in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,001 shares of the company’s stock after purchasing an additional 14,675 shares during the period. Madison Asset Management LLC’s holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 as of its most recent SEC filing.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México, SAB. de C.V., commonly known as Walmart de México y Centroamérica or Walmex, is a retail company that operates a portfolio of stores across Mexico and Central America. It serves consumers through a range of formats, including Walmart and Walmart Express supermarkets, Bodega Aurrera discount stores, and Sam’s Club membership warehouses.

The company sells groceries, fresh foods, household goods, apparel, electronics, general merchandise, and other consumer products. Its business also includes e-commerce and digital shopping services, supported by store-based fulfillment and delivery capabilities.