Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Receives Consensus Rating of "Hold" from Brokerages

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $126.33.

Several analysts have commented on the stock. Barclays lowered their price objective on shares of Fomento Económico Mexicano from $125.00 to $118.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $104.00 to $109.00 in a report on Monday, September 23rd. Finally, StockNews.com upgraded Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Synovus Financial Corp boosted its position in Fomento Económico Mexicano by 100.6% during the 3rd quarter. Synovus Financial Corp now owns 12,192 shares of the company's stock valued at $1,204,000 after buying an additional 6,113 shares during the period. Barclays PLC boosted its holdings in shares of Fomento Económico Mexicano by 78.2% during the third quarter. Barclays PLC now owns 72,159 shares of the company's stock worth $7,123,000 after purchasing an additional 31,656 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Fomento Económico Mexicano in the third quarter worth about $19,856,000. Y Intercept Hong Kong Ltd purchased a new position in Fomento Económico Mexicano during the 3rd quarter valued at about $717,000. Finally, XTX Topco Ltd bought a new position in Fomento Económico Mexicano during the 3rd quarter valued at approximately $2,339,000. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Up 2.4 %

FMX traded up $1.98 during trading on Monday, hitting $83.21. The company's stock had a trading volume of 784,067 shares, compared to its average volume of 484,189. The firm has a market capitalization of $29.77 billion, a P/E ratio of 21.34, a PEG ratio of 5.19 and a beta of 0.90. The stock's fifty day moving average price is $89.71 and its 200-day moving average price is $100.00. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. Fomento Económico Mexicano has a twelve month low of $81.07 and a twelve month high of $143.43.

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.