Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX – Get Free Report) have been given an average rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $129.40.
FMX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $104.00 to $109.00 in a research note on Monday, September 23rd. Barclays reduced their price target on shares of Fomento Económico Mexicano from $145.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Saturday.
Check Out Our Latest Analysis on FMX
Institutional Inflows and Outflows
Fomento Económico Mexicano Price Performance
Shares of Fomento Económico Mexicano stock opened at $98.03 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $35.07 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 5.60 and a beta of 0.94. Fomento Económico Mexicano has a 1-year low of $95.84 and a 1-year high of $143.43. The firm’s 50-day moving average price is $102.27 and its two-hundred day moving average price is $110.10.
Fomento Económico Mexicano (NYSE:FMX – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. The business had revenue of $11.54 billion for the quarter. On average, equities analysts predict that Fomento Económico Mexicano will post 5.41 earnings per share for the current fiscal year.
Fomento Económico Mexicano Cuts Dividend
The company also recently disclosed an annual dividend, which will be paid on Monday, October 28th. Investors of record on Wednesday, October 16th will be given a $0.864 dividend. The ex-dividend date is Wednesday, October 16th. This represents a yield of 0.87%. Fomento Económico Mexicano’s payout ratio is 23.31%.
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.
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