Fomento Economico Mexicano (NYSE:FMX) Stock Gets Price Target Bump from UBS Group

Fomento Economico Mexicano (NYSE:FMX) had its price target increased by equities research analysts at UBS Group from $130.00 to $134.00 in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock. UBS Group‘s price objective indicates a potential upside of 4.22% from the stock’s current price.

FMX has been the topic of a number of other reports. Bank of America upgraded shares of Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $150.00 in a report on Tuesday, August 4th. Zacks Research downgraded shares of Fomento Economico Mexicano from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $150.00 target price on shares of Fomento Economico Mexicano in a research report on Tuesday, August 4th. Barclays lifted their price target on shares of Fomento Economico Mexicano from $125.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Fomento Economico Mexicano from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.50.

Fomento Economico Mexicano Stock Down 0.4%

Shares of FMX stock traded down $0.46 on Friday, hitting $128.57. 199,397 shares of the stock were exchanged, compared to its average volume of 473,038. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $44.43 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 0.69 and a beta of 0.41. Fomento Economico Mexicano has a fifty-two week low of $90.87 and a fifty-two week high of $141.47. The business has a 50-day moving average of $120.35 and a 200 day moving average of $122.01.

Fomento Economico Mexicano (NYSE:FMX) last released its earnings results on Tuesday, June 30th. The company reported $0.93 EPS for the quarter. The firm had revenue of $13.20 billion for the quarter. Fomento Economico Mexicano had a return on equity of 7.24% and a net margin of 3.60%. Equities analysts anticipate that Fomento Economico Mexicano will post 6.32 EPS for the current year.

Insider Activity at Fomento Economico Mexicano

In other news, Director Michael David Kahn acquired 2,100 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $118.13 per share, for a total transaction of $248,073.00. Following the purchase, the director directly owned 2,100 shares of the company’s stock, valued at approximately $248,073. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.68% of the stock is currently owned by company insiders.

Institutional Trading of Fomento Economico Mexicano

Several institutional investors and hedge funds have recently bought and sold shares of FMX. V Square Quantitative Management LLC acquired a new stake in shares of Fomento Economico Mexicano in the first quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. bought a new stake in Fomento Economico Mexicano in the 2nd quarter valued at $33,000. GAMMA Investing LLC lifted its holdings in Fomento Economico Mexicano by 79.2% during the 3rd quarter. GAMMA Investing LLC now owns 396 shares of the company’s stock valued at $47,000 after purchasing an additional 175 shares during the last quarter. Trust Co. of Vermont acquired a new stake in Fomento Economico Mexicano during the 2nd quarter valued at $102,000. Finally, IFP Advisors Inc bought a new position in Fomento Economico Mexicano during the second quarter worth $118,000. Institutional investors own 61.00% of the company’s stock.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Monterrey, Mexico-based multinational company with operations focused on beverage bottling, retail and related consumer services. The company traces its origins to 1890, when it was established as a brewery in Monterrey, and has since developed into one of Latin America’s largest consumer-facing businesses.

FEMSA’s principal beverage business is Coca-Cola FEMSA, which produces, markets, sells and distributes Coca-Cola trademark beverages and other nonalcoholic drinks.