Free Trial

Fomento Económico Mexicano (FMX) Stock Forecast & Price Target

Fomento Económico Mexicano logo
$95.70
-1.10 (-1.14%)
(As of 10:57 AM ET)

Fomento Económico Mexicano - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
5
Buy
2

Based on 7 Wall Street analysts who have issued ratings for Fomento Económico Mexicano in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 5 have given a hold rating, and 2 have given a buy rating for FMX.

Consensus Price Target

$129.40
33.61% Upside
According to the 7 analysts' twelve-month price targets for Fomento Económico Mexicano, the average price target is $129.40. The highest price target for FMX is $152.00, while the lowest price target for FMX is $109.00. The average price target represents a forecasted upside of 33.61% from the current price of $95.70.
Get the Latest News and Ratings for FMX and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Fomento Económico Mexicano and its competitors.

Sign Up

FMX Analyst Ratings Over Time

TypeCurrent Forecast
10/31/23 to 10/30/24
1 Month Ago
10/1/23 to 9/30/24
3 Months Ago
8/2/23 to 8/1/24
1 Year Ago
10/31/22 to 10/31/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
5 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$129.40$133.40$139.50$121.64
Forecasted Upside33.61% Upside35.17% Upside26.95% Upside7.26% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

FMX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

FMX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Fomento Económico Mexicano Stock vs. The Competition

TypeFomento Económico MexicanoConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.29
2.43
2.50
Consensus RatingHoldHoldHold
Predicted Upside33.61% Upside196.79% Upside8.91% Upside
News Sentiment Rating
Positive News

See Recent FMX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/14/2024Barclays
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$145.00 ➝ $125.00+26.96%
9/23/2024JPMorgan Chase & Co.
3 of 5 stars
 DowngradeOverweight ➝ Neutral$104.00 ➝ $109.00+9.27%
2/26/2024Bank of America
4 of 5 stars
 Reiterated RatingBuy ➝ Neutral
2/9/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeHold ➝ Buy$124.00 ➝ $152.00+9.03%
1/12/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Neutral
12/7/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageNeutral$134.00+5.70%
11/7/2023Itau BBA Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOutperform ➝ Market Perform$127.00+5.45%
3/27/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight$102.00 ➝ $110.00+22.82%
2/16/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeSector Perform ➝ Outperform
11/16/2022The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$95.60 ➝ $109.20+40.36%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:17 AM ET.


Should I Buy Fomento Económico Mexicano Stock? FMX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 18, 2024. Please send any questions or comments about these Fomento Económico Mexicano pros and cons to contact@marketbeat.com.

Fomento Económico Mexicano
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Fomento Económico Mexicano, S.A.B. de C.V.:

  • Fomento Económico Mexicano, S.A.B. de C.V. has a current stock price of $99.75, which may present a potential buying opportunity for investors looking to enter at a lower price point.
  • The company recently increased its semi-annual dividend from $0.74 to $1.0206, indicating a positive outlook on future earnings and potential returns for shareholders.
  • Analysts have given Fomento Económico Mexicano, S.A.B. de C.V. a consensus price target of $139.50, suggesting potential upside based on market expectations.
  • The company reported a return on equity of 8.65% and a net margin of 3.75%, indicating efficient use of shareholder equity and healthy profitability.
  • Recent analyst reports have upgraded Fomento Económico Mexicano, S.A.B. de C.V. from a "hold" rating to a "buy" rating, signaling positive sentiment towards the company's future performance.

Fomento Económico Mexicano
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Fomento Económico Mexicano, S.A.B. de C.V. for these reasons:

  • The stock of Fomento Económico Mexicano, S.A.B. de C.V. has experienced a decline of 2.4% recently, indicating potential volatility and downside risk in the short term.
  • The company's PEG ratio of 5.75 suggests that the stock may be overvalued relative to its earnings growth potential, which could deter value-oriented investors.
  • Fomento Económico Mexicano, S.A.B. de C.V. has a beta of 0.94, indicating lower volatility compared to the market average, potentially limiting opportunities for aggressive growth investors.
  • The company's debt-to-equity ratio of 0.36 may raise concerns about its leverage levels and financial stability, particularly in economic downturns or rising interest rate environments.
  • While Fomento Económico Mexicano, S.A.B. de C.V. has a solid track record, the recent stock performance and market conditions suggest caution for investors seeking short-term gains.

FMX Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Fomento Económico Mexicano is $129.40, with a high forecast of $152.00 and a low forecast of $109.00.

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FMX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FMX, but not buy additional shares or sell existing shares.

According to analysts, Fomento Económico Mexicano's stock has a predicted upside of 35.21% based on their 12-month stock forecasts.

Over the previous 90 days, Fomento Económico Mexicano's stock had 1 downgrade by analysts.

Fomento Económico Mexicano has been rated by research analysts at Barclays, and JPMorgan Chase & Co. in the past 90 days.

Analysts like Fomento Económico Mexicano less than other "consumer staples" companies. The consensus rating score for Fomento Económico Mexicano is 2.29 while the average consensus rating score for "consumer staples" companies is 2.43. Learn more on how FMX compares to other companies.


This page (NYSE:FMX) was last updated on 10/30/2024 by MarketBeat.com Staff
From Our Partners