Fomento Economico Mexicano SAB (NYSE:FMX) Receives $100.00 Average PT from Brokerages

Shares of Fomento Economico Mexicano SAB (NYSE:FMX) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $100.00.

Separately, ValuEngine raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th.

Institutional investors have recently made changes to their positions in the company. RWC Asset Advisors US LLC purchased a new stake in shares of Fomento Economico Mexicano SAB in the 4th quarter valued at $22,213,000. Deprince Race & Zollo Inc. boosted its stake in shares of Fomento Economico Mexicano SAB by 7.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 58,090 shares of the company’s stock valued at $4,999,000 after purchasing an additional 3,800 shares in the last quarter. Azimuth Capital Management LLC boosted its stake in shares of Fomento Economico Mexicano SAB by 3.5% in the 1st quarter. Azimuth Capital Management LLC now owns 25,550 shares of the company’s stock valued at $2,358,000 after purchasing an additional 870 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Fomento Economico Mexicano SAB by 13.0% in the 1st quarter. TD Asset Management Inc. now owns 35,825 shares of the company’s stock valued at $3,306,000 after purchasing an additional 4,118 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Fomento Economico Mexicano SAB in the 1st quarter valued at $291,000. 20.82% of the stock is owned by institutional investors.

FMX stock traded up $0.28 during midday trading on Friday, reaching $96.20. The company had a trading volume of 23,690 shares, compared to its average volume of 260,641. The company has a quick ratio of 1.12, a current ratio of 1.39 and a debt-to-equity ratio of 0.44. Fomento Economico Mexicano SAB has a 1 year low of $80.86 and a 1 year high of $101.12. The company has a market cap of $34.63 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.67 and a beta of 0.63. The company’s 50-day moving average is $97.29.

Fomento Economico Mexicano SAB (NYSE:FMX) last released its quarterly earnings results on Friday, April 26th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.30). Fomento Economico Mexicano SAB had a return on equity of 7.87% and a net margin of 5.40%. The company had revenue of $6.04 billion during the quarter. As a group, analysts anticipate that Fomento Economico Mexicano SAB will post 3.65 EPS for the current fiscal 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. The company produces, markets, and distributes Coca-Cola trademark beverages, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.

See Also: Intrinsic Value

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

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