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

by · The Markets Daily

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Get Free Report) 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, HSBC cut shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 price target for the company. in a research note 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’s stock. According to data from MarketBeat, Wal-Mart de Mexico SAB de CV presently has a consensus rating of “Reduce” and a consensus price target of $42.00.

Check Out Our Latest Analysis on WMMVY

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

The company has a market capitalization of $47.44 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 5.94 and a beta of 0.63. The stock’s 50 day moving average price is $26.83 and its 200 day moving average price is $29.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. grew its stake in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY – Free Report) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 quarter.

About Wal-Mart de Mexico SAB de CV

(Get Free Report)

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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