Fomento Económico Mexicano (NYSE:FMX) Stock Price Expected to Rise, Barclays Analyst Says

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) had its price target hoisted by equities research analysts at Barclays from $99.00 to $102.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 4.22% from the stock's previous close.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. The Goldman Sachs Group lowered their price objective on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research note on Tuesday, January 28th.

Fomento Económico Mexicano Stock Up 0.5 %

FMX stock traded up $0.44 during midday trading on Tuesday, hitting $97.87. The stock had a trading volume of 506,179 shares, compared to its average volume of 545,025. The business has a 50-day moving average of $87.21 and a two-hundred day moving average of $93.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The firm has a market cap of $35.02 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. Fomento Económico Mexicano has a 52-week low of $81.07 and a 52-week high of $131.56.

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Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. As a group, equities research analysts forecast that Fomento Económico Mexicano will post 5.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fomento Económico Mexicano

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in Fomento Económico Mexicano by 61.7% in the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company's stock valued at $78,000 after acquiring an additional 306 shares in the last quarter. Easterly Investment Partners LLC raised its stake in shares of Fomento Económico Mexicano by 481.3% in the third quarter. Easterly Investment Partners LLC now owns 101,123 shares of the company's stock worth $9,982,000 after purchasing an additional 83,726 shares during the last quarter. INCA Investments LLC lifted its holdings in shares of Fomento Económico Mexicano by 12.6% during the third quarter. INCA Investments LLC now owns 236,565 shares of the company's stock valued at $23,351,000 after purchasing an additional 26,414 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Fomento Económico Mexicano by 10.8% during the third quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company's stock valued at $425,118,000 after buying an additional 421,057 shares during the last quarter. Finally, Aigen Investment Management LP increased its holdings in Fomento Económico Mexicano by 173.9% in the 3rd quarter. Aigen Investment Management LP now owns 16,800 shares of the company's stock worth $1,658,000 after buying an additional 10,667 shares in the last quarter. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano 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 in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.