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

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) had its price target raised by equities research analysts at UBS Group from $94.00 to $107.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 7.83% from the stock's current price.

Several other research analysts have also commented on FMX. Barclays lifted their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group dropped their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Fomento Económico Mexicano currently has a consensus rating of "Hold" and a consensus price target of $103.95.

Fomento Económico Mexicano Trading Down 1.4 %

Shares of NYSE:FMX traded down $1.36 during midday trading on Friday, reaching $99.23. 510,573 shares of the company's stock were exchanged, compared to its average volume of 631,469. The firm's 50 day simple moving average is $89.08 and its two-hundred day simple moving average is $92.53. 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 stock has a market cap of $35.50 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 5.26 and a beta of 0.87. Fomento Económico Mexicano has a fifty-two week low of $81.08 and a fifty-two week high of $131.56.

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

Institutional Trading of Fomento Económico Mexicano

Institutional investors have recently modified their holdings of the business. Brooklyn Investment Group boosted its stake in shares of Fomento Económico Mexicano by 82.8% in the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after buying an additional 154 shares in the last quarter. Banque Transatlantique SA purchased a new stake in Fomento Económico Mexicano during the fourth quarter worth $44,000. Banque Cantonale Vaudoise purchased a new stake in Fomento Económico Mexicano during the third quarter worth $55,000. Mather Group LLC. boosted its position in Fomento Económico Mexicano by 179.1% during the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after purchasing an additional 369 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in Fomento Económico Mexicano during the fourth quarter worth $51,000. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

About Fomento Económico Mexicano

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.