Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) shares passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $26.69 and traded as high as $27.10. Wal-Mart de Mexico SAB de CV shares last traded at $26.7350, with a volume of 217,502 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on WMMVY shares. Zacks Research lowered shares of Wal-Mart de Mexico SAB de CV from a “hold” rating to a “strong sell” rating in a research report on Tuesday. 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 report on Tuesday, September 8th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and an average target price of $42.00.

Wal-Mart de Mexico SAB de CV Stock Performance

The company has a 50-day simple moving average of $26.69 and a 200 day simple moving average of $29.98. The company has a market capitalization of $46.25 billion, a P/E ratio of 16.61, a P/E/G ratio of 5.89 and a beta of 0.63.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Wal-Mart de Mexico SAB de CV had a return on equity of 20.72% and a net margin of 4.79%. The business had revenue of $14.42 billion for the quarter, compared to analyst estimates of $13.88 billion. As a group, sell-side analysts forecast that Wal-Mart de Mexico SAB de CV will post 1.69 earnings per share for the current 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. raised 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 filing with the Securities and Exchange Commission (SEC). The firm owned 544,703 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

About Wal-Mart de Mexico SAB de CV

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.