Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Sets New 1-Year Low – What’s Next?

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY)’s share price reached a new 52-week low on Monday . The company traded as low as $26.50 and last traded at $26.53, with a volume of 12971 shares. The stock had previously closed at $27.02.

Analyst Upgrades and Downgrades

Separately, HSBC cut 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 two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $42.00.

Wal-Mart de Mexico SAB de CV Price Performance

The business has a 50 day moving average of $28.07 and a 200 day moving average of $30.27. The company has a market cap of $46.10 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 2.19 and a beta of 0.63.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 21.23%. The business had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.32 billion. Sell-side analysts forecast 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

A hedge fund recently raised its position in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. increased its stake in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

About Wal-Mart de Mexico SAB de CV

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.