Fomento Económico Mexicano (NYSE:FMX) Upgraded at StockNews.com

Fomento Económico Mexicano (NYSE:FMX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research firms also recently issued reports on FMX. JPMorgan Chase & Co. downgraded shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $104.00 to $109.00 in a research note on Monday, September 23rd. Barclays decreased their price target on shares of Fomento Económico Mexicano from $145.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $129.40.

Fomento Económico Mexicano Stock Performance

Shares of NYSE:FMX opened at $97.85 on Friday. The company has a market cap of $35.01 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 5.60 and a beta of 0.94. The company has a 50-day moving average price of $102.77 and a 200-day moving average price of $110.75. 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 $95.84 and a 12 month high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. The firm had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. As a group, equities analysts anticipate that Fomento Económico Mexicano will post 5.41 EPS for the current year.

Institutional Investors Weigh In On Fomento Económico Mexicano

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. grew its holdings in Fomento Económico Mexicano by 9.0% in the first quarter. Baillie Gifford & Co. now owns 4,183,454 shares of the company’s stock worth $544,979,000 after purchasing an additional 344,815 shares during the period. ANTIPODES PARTNERS Ltd grew its holdings in shares of Fomento Económico Mexicano by 19.4% during the first quarter. ANTIPODES PARTNERS Ltd now owns 945,491 shares of the company’s stock valued at $123,169,000 after buying an additional 153,771 shares during the last quarter. Black Creek Investment Management Inc. grew its holdings in shares of Fomento Económico Mexicano by 15.5% during the second quarter. Black Creek Investment Management Inc. now owns 906,798 shares of the company’s stock valued at $97,617,000 after buying an additional 121,800 shares during the last quarter. LA Financiere DE L Echiquier grew its holdings in shares of Fomento Económico Mexicano by 22.1% during the second quarter. LA Financiere DE L Echiquier now owns 776,241 shares of the company’s stock valued at $83,562,000 after buying an additional 140,309 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Fomento Económico Mexicano by 9.4% during the third quarter. Perpetual Ltd now owns 746,826 shares of the company’s stock valued at $73,719,000 after buying an additional 64,291 shares during the last quarter.

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.