Fomento Económico Mexicano (NYSE:FMX) Downgraded by StockNews.com

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday.

Several other equities analysts have also recently issued reports on the company. Barclays dropped their price target on Fomento Económico Mexicano from $145.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. cut Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $104.00 to $109.00 in a research report on Monday, September 23rd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $129.40.

Fomento Económico Mexicano Stock Performance

Shares of FMX traded down $1.53 during midday trading on Tuesday, reaching $96.85. 626,388 shares of the stock were exchanged, compared to its average volume of 685,354. The business's 50-day moving average price is $100.75 and its 200 day moving average price is $109.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.44. Fomento Económico Mexicano has a twelve month low of $95.84 and a twelve month high of $143.43. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 5.59 and a beta of 0.94.

Institutional Investors Weigh In On Fomento Económico Mexicano

A number of institutional investors have recently added to or reduced their stakes in FMX. Park Place Capital Corp boosted its stake in shares of Fomento Económico Mexicano by 78.2% during the 1st quarter. Park Place Capital Corp now owns 221 shares of the company's stock worth $29,000 after acquiring an additional 97 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Fomento Económico Mexicano during the 2nd quarter worth approximately $51,000. Van ECK Associates Corp boosted its stake in shares of Fomento Económico Mexicano by 61.7% during the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company's stock worth $78,000 after acquiring an additional 306 shares in the last quarter. CWM LLC raised its position in shares of Fomento Económico Mexicano by 28.7% during the 2nd quarter. CWM LLC now owns 956 shares of the company's stock worth $103,000 after purchasing an additional 213 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Fomento Económico Mexicano during the 2nd quarter worth approximately $163,000.

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.

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