Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Receives Average Recommendation of “Moderate Buy” from Analysts

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXGet Rating) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $89.04.

A number of research analysts recently commented on FMX shares. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Monday, October 31st. Barclays increased their price objective on Fomento Económico Mexicano from $85.00 to $88.00 in a research note on Monday, December 19th. UBS Group upgraded Fomento Económico Mexicano from a “neutral” rating to a “buy” rating in a research note on Monday, October 10th. Finally, The Goldman Sachs Group increased their price objective on Fomento Económico Mexicano from $95.60 to $109.20 and gave the stock a “buy” rating in a research note on Wednesday, November 16th.

Fomento Económico Mexicano Stock Performance

Shares of NYSE FMX opened at $83.68 on Friday. The business has a fifty day simple moving average of $79.35 and a 200 day simple moving average of $69.71. The company has a current ratio of 1.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $29.94 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.71 and a beta of 0.91. Fomento Económico Mexicano has a one year low of $58.73 and a one year high of $87.88.

Fomento Económico Mexicano (NYSE:FMXGet Rating) last issued its earnings results on Friday, October 28th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.22). The firm had revenue of $8.49 billion during the quarter. Fomento Económico Mexicano had a net margin of 4.56% and a return on equity of 10.38%. Sell-side analysts expect that Fomento Económico Mexicano will post 3.79 EPS for the current year.

Institutional Trading of Fomento Económico Mexicano

Several large investors have recently made changes to their positions in the business. Vestmark Advisory Solutions Inc. grew its holdings in shares of Fomento Económico Mexicano by 3.1% during the third quarter. Vestmark Advisory Solutions Inc. now owns 5,813 shares of the company’s stock worth $365,000 after purchasing an additional 175 shares during the last quarter. Eaton Vance Management grew its holdings in shares of Fomento Económico Mexicano by 7.1% during the first quarter. Eaton Vance Management now owns 2,751 shares of the company’s stock worth $228,000 after purchasing an additional 182 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Fomento Económico Mexicano by 8.7% during the second quarter. Quadrant Capital Group LLC now owns 2,462 shares of the company’s stock worth $166,000 after purchasing an additional 198 shares during the last quarter. Washington Trust Advisors Inc. boosted its holdings in Fomento Económico Mexicano by 38.8% in the second quarter. Washington Trust Advisors Inc. now owns 722 shares of the company’s stock valued at $49,000 after acquiring an additional 202 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in Fomento Económico Mexicano by 67.9% in the third quarter. Pinnacle Bancorp Inc. now owns 549 shares of the company’s stock valued at $34,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 21.07% of the company’s stock.

About Fomento Económico Mexicano

(Get Rating)

Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other Business.

Recommended Stories

Analyst Recommendations for Fomento Económico Mexicano (NYSE:FMX)

Receive News & Ratings for Fomento Económico Mexicano Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Económico Mexicano and related companies with MarketBeat.com's FREE daily email newsletter.