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 stock price 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 changing hands.

Analysts Set New Price Targets

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

Wal-Mart de Mexico SAB de CV Stock Up 0.8%

The firm has a market cap of $47.44 billion, a P/E ratio of 17.14, a PEG ratio of 5.94 and a beta of 0.63. The business has a fifty day moving average of $26.83 and a 200 day moving average of $29.00.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. raised its holdings in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 544,703 shares of the company’s stock after purchasing 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.