Analysts Set Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Price Target at $125.00

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXGet Free Report) have earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $125.00.

Several equities analysts have recently commented on FMX shares. Citigroup started coverage on Fomento Económico Mexicano in a research note on Thursday, December 7th. They issued a “neutral” rating and a $134.00 price target on the stock. Itau BBA Securities lowered Fomento Económico Mexicano from an “outperform” rating to a “market perform” rating and set a $127.00 price target on the stock. in a research note on Tuesday, November 7th. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. UBS Group lowered Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research note on Friday, January 12th. Finally, Barclays raised Fomento Económico Mexicano from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $130.00 in a research note on Monday, October 30th.

View Our Latest Stock Analysis on Fomento Económico Mexicano

Institutional Investors Weigh In On Fomento Económico Mexicano

A number of hedge funds have recently bought and sold shares of FMX. Operose Advisors LLC acquired a new stake in Fomento Económico Mexicano in the 3rd quarter valued at about $29,000. Advisory Services Network LLC increased its holdings in shares of Fomento Económico Mexicano by 44.3% in the 1st quarter. Advisory Services Network LLC now owns 342 shares of the company’s stock valued at $33,000 after acquiring an additional 105 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Fomento Económico Mexicano by 117.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 421 shares of the company’s stock valued at $35,000 after acquiring an additional 227 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Fomento Económico Mexicano in the 3rd quarter valued at about $36,000. Finally, Castleview Partners LLC increased its holdings in shares of Fomento Económico Mexicano by 51.2% in the 2nd quarter. Castleview Partners LLC now owns 434 shares of the company’s stock valued at $48,000 after acquiring an additional 147 shares during the last quarter.

Fomento Económico Mexicano Price Performance

Shares of NYSE:FMX opened at $140.75 on Tuesday. Fomento Económico Mexicano has a 52-week low of $81.14 and a 52-week high of $142.00. The business has a fifty day moving average of $130.10 and a two-hundred day moving average of $118.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.64 and a current ratio of 1.93.

Fomento Económico Mexicano Company Profile

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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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Analyst Recommendations for Fomento Económico Mexicano (NYSE:FMX)

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