Fomento Económico Mexicano (NYSE:FMX - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Saturday.
Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $104.00 to $109.00 in a report on Monday, September 23rd. Barclays lowered their price objective on Fomento Económico Mexicano from $145.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, October 14th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fomento Económico Mexicano presently has an average rating of "Hold" and an average target price of $129.40.
Check Out Our Latest Analysis on FMX
Fomento Económico Mexicano Trading Up 2.0 %
Fomento Económico Mexicano stock traded up $1.90 during mid-day trading on Friday, hitting $97.88. 529,457 shares of the stock were exchanged, compared to its average volume of 683,480. The firm's fifty day simple moving average is $102.77 and its two-hundred day simple moving average is $110.75. 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 12 month low of $95.84 and a 12 month high of $143.43. The stock has a market capitalization of $35.02 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 5.60 and a beta of 0.94.
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Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. The business had revenue of $11.54 billion during the quarter. Analysts forecast that Fomento Económico Mexicano will post 5.41 EPS for the current year.
Institutional Investors Weigh In On Fomento Económico Mexicano
Institutional investors have recently made changes to their positions in the stock. Park Place Capital Corp raised 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 valued at $29,000 after purchasing an additional 97 shares during the period. Mather Group LLC. purchased a new stake in Fomento Económico Mexicano in the 1st quarter worth approximately $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Fomento Económico Mexicano in the 2nd quarter worth approximately $51,000. CWM LLC boosted its holdings in Fomento Económico Mexicano by 28.7% in the 2nd quarter. CWM LLC now owns 956 shares of the company's stock valued at $103,000 after purchasing an additional 213 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Fomento Económico Mexicano during the 2nd quarter valued at $163,000.
About Fomento Económico Mexicano
(
Get Free Report)
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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