Fomento Económico Mexicano (FMX) Stock Forecast & Price Target

$95.98

-1.41 (-1.45%)

(As of 10/17/2024 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 7 Analyst Ratings

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
34.82% 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 34.82% from the current price of $95.98.

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FMX Analyst Ratings Over Time

Type	Current Forecast 10/19/23 to 10/18/24	1 Month Ago 9/19/23 to 9/18/24	3 Months Ago 7/21/23 to 7/20/24	1 Year Ago 10/19/22 to 10/19/23
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	5 Hold rating(s)	4 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	$129.40	$139.50	$139.50	$118.64
Forecasted Upside	34.82% Upside	36.59% Upside	19.94% Upside	16.83% 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	2.29	2.44	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	34.82% Upside	153.73% Upside	6.34% Upside
News Sentiment Rating	Neutral 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
10/14/2024	Barclays 3 of 5 stars	Lower Target	Overweight ➝ Overweight	$145.00 ➝ $125.00	+26.96%
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
11/16/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$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 Friday at 06:20 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 Tuesday, October 8, 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 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

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 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 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 34.82% 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.

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This page (NYSE:FMX) was last updated on 10/18/2024 by MarketBeat.com Staff

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