Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX – Get Free Report) have received a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $119.20.
A number of equities research analysts have issued reports on FMX shares. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group cut their price objective on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Barclays cut shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st.
Get Our Latest Analysis on FMX
Institutional Inflows and Outflows
Fomento Económico Mexicano Stock Performance
Shares of FMX stock opened at $85.91 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $86.19 and a two-hundred day moving average of $96.27. The company has a market cap of $30.74 billion, a P/E ratio of 22.03, a PEG ratio of 4.92 and a beta of 0.90. Fomento Económico Mexicano has a 52 week low of $81.07 and a 52 week high of $143.43.
Fomento Económico Mexicano Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is presently 11.79%.
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.
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