Media coverage about Fomento Economico Mexicano SAB (NYSE:FMX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fomento Economico Mexicano SAB earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.0113948029521 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Fomento Economico Mexicano SAB (NYSE:FMX) traded up $1.42 on Thursday, hitting $91.90. 195,800 shares of the company’s stock traded hands, compared to its average volume of 422,513. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55. The company has a market cap of $30,580.00, a P/E ratio of 14.05, a PEG ratio of 0.84 and a beta of 0.54. Fomento Economico Mexicano SAB has a twelve month low of $73.45 and a twelve month high of $103.82.
Several research firms have commented on FMX. Zacks Investment Research raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Thursday, September 14th. JPMorgan Chase & Co. raised shares of Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $98.00 to $117.00 in a report on Monday, October 2nd. Morgan Stanley began coverage on shares of Fomento Economico Mexicano SAB in a report on Thursday, September 14th. They set an “overweight” rating and a $120.00 price objective for the company. ValuEngine raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Finally, Barclays dropped their price objective on shares of Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $114.40.
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.
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