Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Receives $126.33 Average PT from Analysts

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) have earned an average rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $126.33.

FMX has been the subject of a number of recent research reports. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Barclays lowered their price target on Fomento Económico Mexicano from $125.00 to $118.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $104.00 to $109.00 in a report on Monday, September 23rd.

Fomento Económico Mexicano Stock Performance

NYSE FMX opened at $82.36 on Monday. The stock has a market cap of $29.47 billion, a P/E ratio of 21.12, a PEG ratio of 5.19 and a beta of 0.90. 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 twelve month low of $81.07 and a twelve month high of $143.43. The company’s 50-day simple moving average is $88.69 and its 200 day simple moving average is $99.44.

Institutional Trading of Fomento Económico Mexicano

Several large investors have recently made changes to their positions in FMX. Banque Cantonale Vaudoise acquired a new stake in shares of Fomento Económico Mexicano in the third quarter valued at approximately $55,000. Van ECK Associates Corp boosted its position in Fomento Económico Mexicano by 61.7% in the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company’s stock valued at $78,000 after buying an additional 306 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Fomento Económico Mexicano by 9.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,479 shares of the company’s stock valued at $245,000 after buying an additional 204 shares during the period. MQS Management LLC bought a new stake in shares of Fomento Económico Mexicano during the third quarter worth $369,000. Finally, Wealth Alliance lifted its stake in shares of Fomento Económico Mexicano by 4.4% during the second quarter. Wealth Alliance now owns 3,510 shares of the company’s stock valued at $378,000 after acquiring an additional 147 shares during the period. Institutional investors own 61.00% of the company’s stock.

About Fomento Económico Mexicano

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.