Fomento Economico Mexicano SAB (NYSE:FMX) has been given an average rating of “Buy” by the nine analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $115.75.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. ValuEngine raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. JPMorgan Chase & Co. raised Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $98.00 to $117.00 in a research report on Monday, October 2nd. Morgan Stanley assumed coverage on Fomento Economico Mexicano SAB in a research report on Thursday, September 14th. They set an “overweight” rating and a $120.00 target price on the stock. Finally, Barclays dropped their target price on Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 11th.

Shares of Fomento Economico Mexicano SAB (NYSE FMX) traded up $0.85 during midday trading on Monday, hitting $95.95. The stock had a trading volume of 398,907 shares, compared to its average volume of 586,477. Fomento Economico Mexicano SAB has a twelve month low of $73.45 and a twelve month high of $103.82. The stock has a market capitalization of $31,780.00, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.63 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 1.88.

A number of institutional investors have recently made changes to their positions in FMX. Schroder Investment Management Group increased its holdings in Fomento Economico Mexicano SAB by 45.7% in the third quarter. Schroder Investment Management Group now owns 2,148,339 shares of the company’s stock valued at $206,262,000 after buying an additional 673,736 shares during the last quarter. Capital World Investors bought a new stake in Fomento Economico Mexicano SAB in the second quarter valued at about $47,255,000. Commonwealth Bank of Australia increased its holdings in Fomento Economico Mexicano SAB by 79.6% in the second quarter. Commonwealth Bank of Australia now owns 947,776 shares of the company’s stock valued at $93,202,000 after buying an additional 420,114 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Fomento Economico Mexicano SAB by 456.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 354,545 shares of the company’s stock valued at $34,866,000 after buying an additional 290,845 shares during the last quarter. Finally, Harding Loevner LP increased its holdings in Fomento Economico Mexicano SAB by 27.6% in the second quarter. Harding Loevner LP now owns 999,846 shares of the company’s stock valued at $98,325,000 after buying an additional 216,540 shares during the last quarter. 21.23% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was first posted by Marea Informative and is the property of of Marea Informative. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.mareainformativa.com/2018/01/29/fomento-economico-mexicano-sab-fmx-receives-consensus-rating-of-buy-from-analysts-updated-updated-updated.html.

About Fomento Economico Mexicano SAB

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

Analyst Recommendations for Fomento Economico Mexicano SAB (NYSE:FMX)

Receive News & Ratings for Fomento Economico Mexicano SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano SAB and related companies with MarketBeat.com's FREE daily email newsletter.