Analysts Set Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) PT at $133.40

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $133.40.

FMX has been the topic of several recent analyst reports. StockNews.com cut shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. Barclays lowered their price objective on Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. cut Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $104.00 to $109.00 in a research report on Monday, September 23rd.

Institutional Investors Weigh In On Fomento Económico Mexicano

A number of large investors have recently added to or reduced their stakes in FMX. Dimensional Fund Advisors LP increased its position in shares of Fomento Económico Mexicano by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 250,394 shares of the company’s stock valued at $32,640,000 after purchasing an additional 5,796 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Fomento Económico Mexicano by 22.0% in the fourth quarter. Corient Private Wealth LLC now owns 4,410 shares of the company’s stock worth $575,000 after buying an additional 796 shares in the last quarter. Hsbc Holdings PLC grew its position in Fomento Económico Mexicano by 275.7% during the fourth quarter. Hsbc Holdings PLC now owns 12,290 shares of the company’s stock valued at $1,602,000 after acquiring an additional 19,285 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Fomento Económico Mexicano by 22.1% during the fourth quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock worth $97,000 after acquiring an additional 134 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Fomento Económico Mexicano by 3.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 251,693 shares of the company’s stock worth $32,808,000 after acquiring an additional 7,492 shares during the last quarter.

Fomento Económico Mexicano Stock Performance

Shares of FMX opened at $98.32 on Friday. Fomento Económico Mexicano has a 52-week low of $97.90 and a 52-week high of $143.43. The stock’s 50-day simple moving average is $105.37 and its 200 day simple moving average is $113.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The stock has a market capitalization of $35.18 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 5.75 and a beta of 0.94.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter. The firm had revenue of $11.54 billion for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. Research analysts forecast that Fomento Económico Mexicano will post 5.39 EPS for the current fiscal year.

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.