Fomento Económico Mexicano (NYSE:FMX) Price Target Lowered to $125.00 at Barclays

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) had its target price reduced by analysts at Barclays from $145.00 to $125.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 26.66% from the company's previous close.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $104.00 to $109.00 in a report on Monday, September 23rd. StockNews.com raised Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $129.40.

Fomento Económico Mexicano Stock Performance

Shares of FMX traded up $0.11 during mid-day trading on Monday, reaching $98.69. 321,202 shares of the company's stock traded hands, compared to its average volume of 685,677. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The business's 50-day moving average price is $103.92 and its 200-day moving average price is $111.62. The stock has a market capitalization of $35.31 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.94. Fomento Económico Mexicano has a 12 month low of $97.58 and a 12 month high of $143.43.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. The company had revenue of $11.54 billion during the quarter. Equities analysts predict that Fomento Económico Mexicano will post 5.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FMX. Park Place Capital Corp boosted its stake in Fomento Económico Mexicano by 78.2% in the 1st quarter. Park Place Capital Corp now owns 221 shares of the company's stock worth $29,000 after purchasing an additional 97 shares during the period. Mather Group LLC. acquired a new position in Fomento Económico Mexicano during the first quarter valued at $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Fomento Económico Mexicano in the 2nd quarter worth about $51,000. CWM LLC boosted its position in 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 acquiring an additional 213 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new position in Fomento Económico Mexicano during the 2nd quarter valued at about $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.