Fomento Económico Mexicano (FMX) Stock Forecast & Price Target

$86.95 -2.35 (-2.63%)

(As of 11/20/2024 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

Hold

Based on 6 Analyst Ratings

Sell
0

Hold
4

Buy
2

Based on 6 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 6 analysts, 4 have given a hold rating, and 2 have given a buy rating for FMX.

Consensus Price Target

$128.25
47.50% Upside

According to the 6 analysts' twelve-month price targets for Fomento Económico Mexicano, the average price target is $128.25. 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 47.50% from the current price of $86.95.

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FMX Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
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)	4 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$128.25	$129.40	$139.50	$125.20
Forecasted Upside	47.50% Upside	32.00% Upside	29.21% Upside	0.58% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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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.

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.

Fomento Económico Mexicano Stock vs. The Competition

Type	Fomento Económico Mexicano	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.33	2.47	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	47.50% Upside	40.75% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent FMX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	Barclays 3 of 5 stars	Lower Target	Overweight ➝ Overweight	$125.00 ➝ $118.00	+23.88%
9/23/2024	JPMorgan Chase & Co. 3 of 5 stars	Downgrade	Overweight ➝ Neutral	$104.00 ➝ $109.00	+9.27%
2/26/2024	Bank of America 4 of 5 stars	Reiterated Rating	Buy ➝ Neutral
2/9/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$124.00 ➝ $152.00	+9.03%
1/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
12/7/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$134.00	+5.70%
11/7/2023	Itau BBA Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$127.00	+5.45%
3/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight	$102.00 ➝ $110.00	+22.82%
2/16/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:59 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, November 15, 2024. Please send any questions or comments about these Fomento Económico Mexicano pros and cons to contact@marketbeat.com.

Fomento Económico Mexicano
Bull Case

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 market capitalization of $35.37 billion, indicating a strong presence in the market.
The company reported a return on equity of 8.65%, showcasing efficient utilization of shareholder funds.
With a PE ratio of 26.79, Fomento Económico Mexicano, S.A.B. de C.V. may be considered undervalued compared to industry peers.
Analysts predict the company will post 5.39 earnings per share for the current year, indicating potential growth and profitability.
Despite recent fluctuations, the stock has a 200-day moving average price of $113.11, suggesting a potential rebound in the near future.

Fomento Económico Mexicano
Bear Case

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

The stock has experienced a downward trend, trading at $98.85 on the latest trading day, potentially indicating ongoing challenges.
With a PEG ratio of 5.75, the stock may be considered overvalued based on its growth prospects.
Barclays lowered the price target on Fomento Económico Mexicano, S.A.B. de C.V. from $160.00 to $145.00, signaling potential concerns about future performance.
StockNews.com downgraded the company from a "buy" to a "hold" rating, reflecting a shift in market sentiment towards Fomento Económico Mexicano, S.A.B. de C.V..
While the company has a strong market presence, the beta of 0.94 indicates moderate volatility compared to the market, which may pose risks for investors.

FMX Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Fomento Económico Mexicano is $128.25, with a high forecast of $152.00 and a low forecast of $109.00.
: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 47.50% 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 2.33 while the average consensus rating score for "consumer staples" companies is 2.47. Learn more on how FMX compares to other companies.

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This page (NYSE:FMX) was last updated on 11/21/2024 by MarketBeat.com Staff

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Fomento Económico Mexicano (FMX) Stock Forecast & Price Target