Media stories about Fomento Economico Mexicano SAB (NYSE:FMX) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fomento Economico Mexicano SAB earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.1267097339221 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of equities research analysts have recently commented on FMX shares. Morgan Stanley assumed coverage on Fomento Economico Mexicano SAB in a research report on Thursday, September 14th. They issued an “overweight” rating and a $120.00 price objective for the company. Zacks Investment Research raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research report on Thursday, September 14th. JPMorgan Chase & Co. upgraded Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $98.00 to $117.00 in a research note on Monday, October 2nd. Barclays reduced their price objective on Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Finally, ValuEngine upgraded Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Fomento Economico Mexicano SAB currently has an average rating of “Buy” and a consensus price target of $114.40.
Shares of Fomento Economico Mexicano SAB (NYSE FMX) opened at $93.42 on Friday. Fomento Economico Mexicano SAB has a one year low of $74.01 and a one year high of $103.82. The stock has a market capitalization of $31,870.00, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.54. The company has a current ratio of 1.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36.
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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.
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