Brokerages Set Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Target Price at $103.95

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $103.95.

FMX has been the subject of a number of research analyst reports. UBS Group increased their target price on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. The Goldman Sachs Group reduced their target price on shares of 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. Barclays lifted their price objective on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th.

Fomento Económico Mexicano Trading Up 1.8 %

NYSE FMX traded up $1.70 on Monday, hitting $98.44. 660,576 shares of the stock were exchanged, compared to its average volume of 636,377. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 5.26 and a beta of 0.68. Fomento Económico Mexicano has a 52-week low of $81.08 and a 52-week high of $125.27. 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 company's 50-day moving average price is $94.63 and its two-hundred day moving average price is $92.04.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FMX. FMR LLC lifted its position in shares of Fomento Económico Mexicano by 540.3% during the 4th quarter. FMR LLC now owns 3,147,544 shares of the company's stock worth $269,084,000 after purchasing an additional 2,655,962 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Fomento Económico Mexicano by 20.5% in the fourth quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company's stock worth $1,081,939,000 after acquiring an additional 2,150,913 shares during the last quarter. Schroder Investment Management Group increased its position in Fomento Económico Mexicano by 20.4% during the fourth quarter. Schroder Investment Management Group now owns 4,228,299 shares of the company's stock worth $360,716,000 after acquiring an additional 717,666 shares during the period. Talaria Asset Management Pty Ltd acquired a new position in Fomento Económico Mexicano during the 4th quarter valued at $47,110,000. Finally, Asset Value Investors Ltd bought a new stake in Fomento Económico Mexicano in the 4th quarter valued at $42,793,000. 61.00% of the stock is currently owned by institutional investors and hedge funds.

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.