Barclays PLC Lowers Fomento Economico Mexicano S.A.B. de C.V. (FMX) Price Target to $114.00

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) had its price objective decreased by stock analysts at Barclays PLC from $115.00 to $114.00 in a research report issued on Wednesday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s target price suggests a potential upside of 20.22% from the company’s current price.

Several other research analysts have also commented on FMX. Zacks Investment Research lowered shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note 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 boosted their price objective for the stock from $98.00 to $117.00 in a research note on Monday, October 2nd. 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 note on Wednesday, July 12th. Gabelli assumed coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research note on Monday, July 17th. They set a “buy” rating and a $112.00 price objective for the company. Finally, Citigroup Inc. lowered shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $114.40.

Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) opened at 94.83 on Wednesday. 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 stock has a market cap of $33.93 billion, a PE ratio of 27.97 and a beta of 0.55. The stock’s 50 day moving average is $97.73 and its 200-day moving average is $96.10.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.11). The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.49 billion. Fomento Economico Mexicano S.A.B. de C.V. had a return on equity of 8.42% and a net margin of 5.26%. Equities analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post $3.45 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in FMX. BlackRock Inc. purchased a new stake in Fomento Economico Mexicano S.A.B. de C.V. during the 1st quarter worth approximately $118,653,000. Capital World Investors purchased a new stake in Fomento Economico Mexicano S.A.B. de C.V. during the 2nd quarter worth approximately $47,255,000. Commonwealth Bank of Australia grew its position in Fomento Economico Mexicano S.A.B. de C.V. by 79.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 947,776 shares of the company’s stock worth $93,202,000 after purchasing an additional 420,114 shares during the last quarter. William Blair Investment Management LLC grew its position in Fomento Economico Mexicano S.A.B. de C.V. by 55.1% during the 2nd quarter. William Blair Investment Management LLC now owns 1,087,301 shares of the company’s stock worth $106,925,000 after purchasing an additional 386,233 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Fomento Economico Mexicano S.A.B. de C.V. by 456.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 354,545 shares of the company’s stock worth $34,866,000 after purchasing an additional 290,845 shares during the last quarter. 21.62% of the stock is currently owned by institutional investors.

About Fomento Economico Mexicano S.A.B. de C.V.

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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