Fomento Economico Mexicano SAB (FMX) Given Consensus Recommendation of “Hold” by Brokerages

Fomento Economico Mexicano SAB (NYSE:FMX) has received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $100.00.

A number of research firms have recently issued reports on FMX. Zacks Investment Research downgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. ValuEngine raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Barclays reissued a “buy” rating and issued a $100.00 price target on shares of Fomento Economico Mexicano SAB in a research note on Thursday, January 24th. Finally, Santander downgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to an “underperform” rating in a research note on Monday, February 25th.

Several institutional investors have recently added to or reduced their stakes in FMX. Avestar Capital LLC raised its stake in shares of Fomento Economico Mexicano SAB by 4,235.3% in the 4th quarter. Avestar Capital LLC now owns 737 shares of the company’s stock valued at $44,000 after acquiring an additional 720 shares during the period. Rehmann Capital Advisory Group increased its stake in Fomento Economico Mexicano SAB by 38.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 494 shares of the company’s stock worth $49,000 after buying an additional 137 shares during the period. YorkBridge Wealth Partners LLC purchased a new stake in Fomento Economico Mexicano SAB during the 4th quarter worth approximately $136,000. Advisor Group Inc. increased its stake in Fomento Economico Mexicano SAB by 232.0% during the 4th quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $150,000 after buying an additional 1,218 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Fomento Economico Mexicano SAB by 2,550.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,882 shares of the company’s stock worth $158,000 after buying an additional 1,811 shares during the period. 20.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fomento Economico Mexicano SAB stock traded up $0.39 on Tuesday, reaching $96.78. The company had a trading volume of 412,900 shares, compared to its average volume of 379,518. The company has a market capitalization of $34.40 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. Fomento Economico Mexicano SAB has a 52-week low of $80.86 and a 52-week high of $101.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.40 and a current ratio of 1.75.

Fomento Economico Mexicano SAB (NYSE:FMX) last released its quarterly earnings results on Wednesday, February 27th. The company reported $1.33 earnings per share (EPS) for the quarter. The business had revenue of $6.32 billion for the quarter. Fomento Economico Mexicano SAB had a net margin of 4.92% and a return on equity of 7.15%. Equities analysts expect that Fomento Economico Mexicano SAB will post 3.91 earnings per share for the current year.

Fomento Economico Mexicano SAB Company Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company produces, markets, distributes, and sells Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; and waters and still beverages comprising juice, coffee, tea, milk, value-added dairy, sports, energy, and plant-based drinks.

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

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