Fomento Economico Mexicano SAB (NYSE:FMX) Stock Rating Lowered by Credit Suisse Group

Credit Suisse Group lowered shares of Fomento Economico Mexicano SAB (NYSE:FMX) from an outperform rating to a neutral rating in a research report released on Wednesday, December 20th, The Fly reports.

Several other research analysts have also recently commented on the stock. BidaskClub upgraded shares of Fomento Economico Mexicano SAB from a buy rating to a strong-buy rating in a report on Tuesday, August 22nd. Zacks Investment Research cut shares of Fomento Economico Mexicano SAB from a buy rating to a hold rating in a report on Wednesday, August 23rd. Morgan Stanley began coverage on shares of Fomento Economico Mexicano SAB in a research report on Thursday, September 14th. They issued an overweight rating and a $120.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Fomento Economico Mexicano SAB from a neutral rating to an overweight rating and increased their price target for the stock from $98.00 to $117.00 in a research report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Fomento Economico Mexicano SAB presently has a consensus rating of Buy and a consensus target price of $114.40.

Fomento Economico Mexicano SAB (NYSE FMX) traded down $0.06 during trading hours on Wednesday, hitting $93.42. 525,031 shares of the stock traded hands, compared to its average volume of 380,291. Fomento Economico Mexicano SAB has a one year low of $74.01 and a one year high of $103.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 1.88. The company has a market cap of $31,870.00, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.54.

Several large investors have recently added to or reduced their stakes in the company. Comgest Global Investors S.A.S. raised its position in shares of Fomento Economico Mexicano SAB by 3.5% in the third quarter. Comgest Global Investors S.A.S. now owns 3,011,214 shares of the company’s stock valued at $287,661,000 after purchasing an additional 103,163 shares during the period. FIL Ltd raised its position in shares of Fomento Economico Mexicano SAB by 0.7% in the second quarter. FIL Ltd now owns 2,363,219 shares of the company’s stock valued at $232,399,000 after purchasing an additional 17,075 shares during the period. Schroder Investment Management Group grew its stake 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 acquiring an additional 673,736 shares during the last quarter. Artisan Partners Limited Partnership grew its stake 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 acquiring an additional 27,059 shares during the last quarter. Finally, Harding Loevner LP grew its stake 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 acquiring an additional 8,585 shares during the last quarter. 21.23% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Fomento Economico Mexicano SAB (NYSE:FMX) Stock Rating Lowered by Credit Suisse Group” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.dispatchtribunal.com/2018/01/11/fomento-economico-mexicano-sab-fmx-downgraded-to-neutral-at-credit-suisse-group.html.

Fomento Economico Mexicano SAB Company Profile

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.

The Fly

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