Shares of Fomento Economico Mexicano SAB (NYSE:FMX) have been given an average recommendation of “Buy” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $115.75.
FMX has been the subject of several recent research reports. Credit Suisse Group lowered shares of Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 20th. Zacks Investment Research lowered shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Finally, ValuEngine upgraded shares of Fomento Economico Mexicano SAB from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th.
Fomento Economico Mexicano SAB (FMX) traded down $0.43 during mid-day trading on Tuesday, reaching $93.76. 172,109 shares of the company’s stock traded hands, compared to its average volume of 486,098. The company has a current ratio of 1.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. Fomento Economico Mexicano SAB has a 12-month low of $80.39 and a 12-month high of $103.82. The company has a market capitalization of $32,994.82, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.58 and a beta of 0.52.
Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP grew its position in shares of Fomento Economico Mexicano SAB by 453.3% during the third quarter. Quantbot Technologies LP now owns 1,101 shares of the company’s stock worth $105,000 after acquiring an additional 902 shares during the last quarter. Premia Global Advisors LLC bought a new position in shares of Fomento Economico Mexicano SAB during the fourth quarter worth about $178,000. OxFORD Asset Management LLP bought a new position in shares of Fomento Economico Mexicano SAB during the second quarter worth about $201,000. State of Wisconsin Investment Board bought a new position in shares of Fomento Economico Mexicano SAB during the third quarter worth about $213,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Fomento Economico Mexicano SAB in the 3rd quarter valued at about $268,000. Institutional investors and hedge funds own 20.37% of the company’s stock.
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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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