Fomento Economico Mexicano (NYSE:FMX) Earns Hold (C-) Rating from Weiss Ratings

Fomento Economico Mexicano (NYSE:FMX)‘s stock had its “hold (c-)” rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on FMX. UBS Group upgraded Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and cut their price target for the stock from $115.00 to $111.00 in a report on Friday, September 19th. Zacks Research cut Fomento Economico Mexicano from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Citigroup upgraded Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and increased their price target for the stock from $93.00 to $97.00 in a report on Tuesday, September 9th. JPMorgan Chase & Co. increased their target price on Fomento Economico Mexicano from $95.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $97.00 target price (down from $132.00) on shares of Fomento Economico Mexicano in a report on Tuesday, August 19th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Fomento Economico Mexicano presently has an average rating of “Hold” and a consensus price target of $100.97.

Fomento Economico Mexicano Price Performance

Fomento Economico Mexicano stock opened at $96.07 on Wednesday. The stock has a market capitalization of $34.37 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 5.52 and a beta of 0.72. Fomento Economico Mexicano has a 52-week low of $81.07 and a 52-week high of $108.74. The stock’s 50 day moving average price is $90.28 and its two-hundred day moving average price is $97.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 1.34.

Fomento Economico Mexicano (NYSE:FMX) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.49). The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $216.71 billion. Fomento Economico Mexicano had a return on equity of 5.32% and a net margin of 2.60%. On average, equities analysts predict that Fomento Economico Mexicano will post 5.32 earnings per share for the current year.

Hedge Funds Weigh In On Fomento Economico Mexicano

Several large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in Fomento Economico Mexicano by 41.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 108 shares in the last quarter. Stephens Inc. AR lifted its stake in Fomento Economico Mexicano by 2.1% during the 1st quarter. Stephens Inc. AR now owns 5,937 shares of the company’s stock valued at $579,000 after acquiring an additional 121 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Fomento Economico Mexicano by 4.6% during the 2nd quarter. Park Avenue Securities LLC now owns 2,850 shares of the company’s stock valued at $293,000 after acquiring an additional 125 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Fomento Economico Mexicano by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock valued at $45,000 after acquiring an additional 131 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Fomento Economico Mexicano by 25.3% during the 2nd quarter. UMB Bank n.a. now owns 821 shares of the company’s stock valued at $85,000 after acquiring an additional 166 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors.

About Fomento Economico Mexicano

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.