Fomento Economico Mexicano SAB (FMX) Receives $115.75 Consensus PT from Brokerages

Fomento Economico Mexicano SAB (NYSE:FMX) has been given a consensus rating of “Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $115.75.

A number of equities research analysts recently commented on FMX shares. Credit Suisse Group cut shares of Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 20th. Zacks Investment Research cut shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Finally, ValuEngine cut shares of Fomento Economico Mexicano SAB from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st.

How to Become a New Pot Stock Millionaire

Fomento Economico Mexicano SAB (NYSE FMX) traded down $0.93 during trading hours on Friday, reaching $87.42. 181,536 shares of the company were exchanged, compared to its average volume of 458,436. Fomento Economico Mexicano SAB has a 12 month low of $84.32 and a 12 month high of $103.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55. The stock has a market capitalization of $32,193.30, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.51 and a beta of 0.54.

Fomento Economico Mexicano SAB (NYSE:FMX) last posted its earnings results on Tuesday, February 27th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $1.08 by ($0.82). Fomento Economico Mexicano SAB had a net margin of 9.53% and a return on equity of 15.32%. The firm had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.55 billion. equities analysts anticipate that Fomento Economico Mexicano SAB will post 3.98 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Comgest Global Investors S.A.S. raised its holdings in shares of Fomento Economico Mexicano SAB by 20.9% in the fourth quarter. Comgest Global Investors S.A.S. now owns 3,641,714 shares of the company’s stock worth $341,957,000 after buying an additional 630,500 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Fomento Economico Mexicano SAB by 45.7% in the third quarter. Schroder Investment Management Group now owns 2,148,339 shares of the company’s stock worth $206,262,000 after buying an additional 673,736 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Fomento Economico Mexicano SAB by 1.8% in the third quarter. Artisan Partners Limited Partnership now owns 1,508,414 shares of the company’s stock worth $144,099,000 after buying an additional 27,059 shares during the last quarter. Harding Loevner LP raised its holdings in shares of Fomento Economico Mexicano SAB by 0.9% in the third quarter. Harding Loevner LP now owns 1,008,431 shares of the company’s stock worth $96,335,000 after buying an additional 8,585 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in shares of Fomento Economico Mexicano SAB by 3.6% in the third quarter. Commonwealth Bank of Australia now owns 981,970 shares of the company’s stock worth $89,577,000 after buying an additional 34,194 shares during the last quarter. 20.53% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was published by Stock Observer and is owned by of Stock Observer. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.thestockobserver.com/2018/03/20/fomento-economico-mexicano-sab-fmx-receives-115-75-consensus-pt-from-brokerages.html.

About Fomento Economico Mexicano SAB

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

Analyst Recommendations for Fomento Economico Mexicano SAB (NYSE:FMX)

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

Leave a Reply