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

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $103.95.

A number of equities research analysts have issued reports on FMX shares. Barclays increased their price objective on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. UBS Group raised their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, March 14th. The Goldman Sachs Group dropped their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Finally, Itau BBA Securities raised shares of Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating in a report on Monday, April 7th.

Hedge Funds Weigh In On Fomento Económico Mexicano

Several large investors have recently bought and sold shares of FMX. FMR LLC grew its holdings in shares of Fomento Económico Mexicano by 5.3% in the third quarter. FMR LLC now owns 491,582 shares of the company’s stock valued at $48,524,000 after acquiring an additional 24,537 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Fomento Económico Mexicano by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,335 shares of the company’s stock valued at $2,994,000 after buying an additional 607 shares during the period. Stifel Financial Corp increased its holdings in Fomento Económico Mexicano by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 12,479 shares of the company’s stock worth $1,232,000 after acquiring an additional 149 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Fomento Económico Mexicano during the 3rd quarter valued at approximately $2,339,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Fomento Económico Mexicano during the 3rd quarter worth about $717,000. 61.00% of the stock is currently owned by institutional investors.

Fomento Económico Mexicano Stock Performance

Shares of NYSE FMX opened at $98.44 on Monday. Fomento Económico Mexicano has a one year low of $81.08 and a one year high of $125.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The firm has a market cap of $35.22 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 5.26 and a beta of 0.68. The stock’s fifty day moving average price is $94.63 and its two-hundred day moving average price is $92.04.

Fomento Económico Mexicano (NYSE:FMX) last announced its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05). The business had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. On average, equities analysts forecast that Fomento Económico Mexicano will post 5.32 EPS for the current year.

Fomento Económico Mexicano Company Profile

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.