Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX – Get Free Report) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $133.40.
Several analysts have recently weighed in on FMX shares. Barclays lowered their price objective on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. StockNews.com cut shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. lowered shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $104.00 to $109.00 in a report on Monday, September 23rd.
Read Our Latest Stock Analysis on Fomento Económico Mexicano
Fomento Económico Mexicano Stock Performance
Fomento Económico Mexicano (NYSE:FMX – Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. The business had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. As a group, analysts anticipate that Fomento Económico Mexicano will post 5.39 EPS for the current year.
Institutional Investors Weigh In On Fomento Económico Mexicano
Several hedge funds and other institutional investors have recently made changes to their positions in FMX. Park Place Capital Corp increased its holdings in Fomento Económico Mexicano by 78.2% during the 1st quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 97 shares in the last quarter. Mather Group LLC. bought a new stake in Fomento Económico Mexicano during the first quarter worth $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Fomento Económico Mexicano in the 2nd quarter valued at $51,000. Parallel Advisors LLC lifted its stake in Fomento Económico Mexicano by 22.1% during the 4th quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after acquiring an additional 134 shares in the last quarter. Finally, CWM LLC boosted its holdings in Fomento Económico Mexicano by 28.7% during the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock worth $103,000 after acquiring an additional 213 shares during the last quarter.
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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