Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Given Average Recommendation of “Moderate Buy” by Analysts

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has been assigned a consensus recommendation of “Moderate Buy” from the four research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and two have assigned 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 $126.33.

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

Institutional Trading of Fomento Económico Mexicano

Several large investors have recently modified their holdings of FMX. Banque Cantonale Vaudoise acquired a new position in shares of Fomento Económico Mexicano during the 3rd quarter valued at $55,000. Van ECK Associates Corp raised its holdings in shares of Fomento Económico Mexicano by 61.7% during the third quarter. Van ECK Associates Corp now owns 802 shares of the company’s stock valued at $78,000 after purchasing an additional 306 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Fomento Económico Mexicano by 9.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,479 shares of the company’s stock valued at $245,000 after purchasing an additional 204 shares during the period. MQS Management LLC bought a new position in shares of Fomento Económico Mexicano during the 3rd quarter worth about $369,000. Finally, Wealth Alliance grew its stake in shares of Fomento Económico Mexicano by 4.4% in the 2nd quarter. Wealth Alliance now owns 3,510 shares of the company’s stock valued at $378,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 61.00% of the company’s stock.

Fomento Económico Mexicano Trading Down 1.8 %

NYSE FMX opened at $82.36 on Monday. The firm has a market capitalization of $29.47 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 5.19 and a beta of 0.90. The business’s 50-day moving average price is $88.69 and its two-hundred day moving average price is $99.33. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Fomento Económico Mexicano has a 12 month low of $81.07 and a 12 month high of $143.43.

Fomento Económico Mexicano Company Profile

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.