Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong 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 $115.75.

Several research firms recently weighed in on FMX. Zacks Investment Research cut shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. J P Morgan Chase & Co upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $98.00 to $117.00 in a research report on Monday, October 2nd. Barclays PLC decreased their price objective on shares of Fomento Economico Mexicano S.A.B. de C.V. from $115.00 to $114.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 11th. BidaskClub upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Gabelli began coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Monday, July 17th. They issued a “buy” rating and a $112.00 price objective on the stock.

Several hedge funds have recently bought and sold shares of FMX. First Trust Advisors LP bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the first quarter worth approximately $240,000. Stifel Financial Corp increased its position in shares of Fomento Economico Mexicano S.A.B. de C.V. by 20.1% in the first quarter. Stifel Financial Corp now owns 3,292 shares of the company’s stock worth $293,000 after purchasing an additional 550 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the first quarter worth approximately $20,045,000. Legal & General Group Plc increased its position in shares of Fomento Economico Mexicano S.A.B. de C.V. by 282.2% in the first quarter. Legal & General Group Plc now owns 10,564 shares of the company’s stock worth $936,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Fomento Economico Mexicano S.A.B. de C.V. by 13.3% in the first quarter. Vanguard Group Inc. now owns 156,624 shares of the company’s stock worth $13,864,000 after purchasing an additional 18,433 shares during the last quarter. Institutional investors own 21.57% of the company’s stock.

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Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) traded down 0.75% during midday trading on Wednesday, reaching $90.71. 397,996 shares of the company’s stock were exchanged. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $73.45 and a 12 month high of $103.82. The company has a market cap of $32.46 billion, a P/E ratio of 26.76 and a beta of 0.55. The firm has a 50 day moving average price of $96.37 and a 200 day moving average price of $96.17.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.11). Fomento Economico Mexicano S.A.B. de C.V. had a net margin of 5.26% and a return on equity of 8.42%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.49 billion. Equities research analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post $3.48 earnings per share for the current fiscal year.

Fomento Economico Mexicano S.A.B. de C.V. Company Profile

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 S.A.B. de C.V. (NYSE:FMX)

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