Several analysts have recently updated their ratings and price targets for Fomento Economico Mexicano S.A.B. de C.V. (NYSE: FMX):

  • 9/6/2017 – Fomento Economico Mexicano S.A.B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $109.00 price target on the stock. According to Zacks, “FEMSA outperformed the broader industry in the year so far. The company is on track to drive growth through strategic measures, including increasing store count, diversifying business portfolio and focusing on core business activities. Further, its exposure in various industries including beverage, beer and retail, gives it an edge over competitors. Also, FEMSA's strong cash flow generation capacity enables it to make incremental investments in business expansion. However, second-quarter 2017 results marked its fourth consecutive earnings miss, while sales lagged estimates for the second straight time. Moreover, the company continued to witness margin pressures due to decline in margins at Coca-Cola FEMSA and lower-margin businesses growth at FEMSA Comercio, as well as higher operating expenses at Coca-Cola FEMSA and FEMSA Comercio’s Health division. Nevertheless, FEMSA's focus on achieving growth via acquisitions bode well.”
  • 8/29/2017 – Fomento Economico Mexicano S.A.B. de C.V. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FEMSA outperformed the broader industry in the year so far. The company is on track to drive growth through strategic measures, including increasing store count, diversifying business portfolio and focusing on core business activities. Further, its exposure in various industries including beverage, beer and retail, gives it an edge over competitors. Also, FEMSA's strong cash flow generation capacity enables it to make incremental investments in business expansion. However, second-quarter 2017 results marked its fourth consecutive earnings miss, while sales lagged estimates for the second straight time. Moreover, the company continued to witness margin pressures due to decline in margins at Coca-Cola FEMSA and lower-margin businesses growth at FEMSA Comercio, as well as higher operating expenses at Coca-Cola FEMSA and FEMSA Comercio’s Health division. Nevertheless, FEMSA's focus on achieving growth via acquisitions bode well.”
  • 8/24/2017 – Fomento Economico Mexicano S.A.B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $113.00 price target on the stock. According to Zacks, “FEMSA outperformed the broader industry in the year so far. The company is on track to drive growth through strategic measures, including increasing store count, diversifying business portfolio and focusing on core business activities. Further, its exposure in various industries including beverage, beer and retail, gives it an edge over competitors. Also, FEMSA's strong cash flow generation capacity enables it to make incremental investments in business expansion. However, second-quarter 2017 results marked its fourth consecutive earnings miss, while sales lagged estimates for the second straight time. Moreover, the company continued to witness margin pressures due to decline in margins at Coca-Cola FEMSA and lower-margin businesses growth at FEMSA Comercio, as well as higher operating expenses at Coca-Cola FEMSA and FEMSA Comercio’s Health division. Nevertheless, FEMSA's focus on achieving growth via acquisitions bode well.”
  • 8/23/2017 – Fomento Economico Mexicano S.A.B. de C.V. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FEMSA outperformed the broader industry in the last three months. The company is on track to drive growth through strategic measures, including increasing store count, diversifying business portfolio and focusing on core business activities. Further, its exposure in various industries including beverage, beer and retail, gives it an edge over competitors. Also, FEMSA's strong cash flow generation capacity enables it to make incremental investments in business expansion. However, second-quarter 2017 results marked its fourth consecutive earnings miss, while sales lagged estimates for the second straight time. Moreover, the company continued to witness margin pressures due to decline in margins at Coca-Cola FEMSA and lower-margin businesses growth at FEMSA Comercio, as well as higher operating expenses at Coca-Cola FEMSA and FEMSA Comercio’s Health division. Nevertheless, FEMSA's focus on achieving growth via acquisitions bode well.”
  • 8/22/2017 – Fomento Economico Mexicano S.A.B. de C.V. was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/17/2017 – Fomento Economico Mexicano S.A.B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $113.00 price target on the stock. According to Zacks, “FEMSA outperformed the broader industry in the last three months. The company is on track to drive growth through strategic measures, including increasing store count, diversifying business portfolio and focusing on core business activities. Further, its exposure in various industries including beverage, beer and retail, gives it an edge over competitors. Also, FEMSA's strong cash flow generation capacity enables it to make incremental investments in business expansion. However, second-quarter 2017 results marked its fourth consecutive earnings miss, while sales lagged estimates for the second straight time. Moreover, the company continued to witness margin pressures due to decline in margins at Coca-Cola FEMSA and lower-margin businesses growth at FEMSA Comercio, as well as higher operating expenses at Coca-Cola FEMSA and FEMSA Comercio’s Health division. Nevertheless, FEMSA's focus on achieving growth via acquisitions bode well.”
  • 8/16/2017 – Fomento Economico Mexicano S.A.B. de C.V. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FEMSA outperformed the broader industry in the last three months. The company is on track to drive growth through strategic measures, including increasing store count, diversifying business portfolio and focusing on core business activities. Further, its exposure in various industries including beverage, beer and retail, gives it an edge over competitors. Also, FEMSA's strong cash flow generation capacity enables it to make incremental investments in business expansion. However, second-quarter 2017 results marked its fourth consecutive earnings miss, while sales lagged estimates for the second straight time. Moreover, the company continued to witness margin pressures due to decline in margins at Coca-Cola FEMSA and lower-margin businesses growth at FEMSA Comercio, as well as higher operating expenses at Coca-Cola FEMSA and FEMSA Comercio’s Health division. Nevertheless, FEMSA's focus on achieving growth via acquisitions bode well.”
  • 8/4/2017 – Fomento Economico Mexicano S.A.B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $112.00 price target on the stock. According to Zacks, “FEMSA outperformed the broader industry in the last three months. The company is on track to drive growth through strategic measures, including increasing store count, diversifying business portfolio and focusing on core business activities. Further, its exposure in various industries including beverage, beer and retail, gives it an edge over competitors. Also, FEMSA's strong cash flow generation capacity enables it to make incremental investments in business expansion. However, second-quarter 2017 results marked its fourth consecutive earnings miss, while sales lagged estimates for the second straight time. Moreover, the company continued to witness margin pressures due to decline in margins at Coca-Cola FEMSA and lower-margin businesses growth at FEMSA Comercio, as well as higher operating expenses at Coca-Cola FEMSA and FEMSA Comercio’s Health division. Nevertheless, FEMSA's focus on achieving growth via acquisitions bode well.”
  • 7/28/2017 – Fomento Economico Mexicano S.A.B. de C.V. was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/17/2017 – Fomento Economico Mexicano S.A.B. de C.V. is now covered by analysts at Gabelli. They set a “buy” rating and a $112.00 price target on the stock.
  • 7/14/2017 – Fomento Economico Mexicano S.A.B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $112.00 price target on the stock. According to Zacks, “FEMSA has outperformed the broader industry in the last one month. The company is on track to drive growth through its strategic measures, including increasing store count, diversifying its business portfolio and focusing on core business activities. Further, its exposure in various industries including beverage, beer and retail, gives it an edge over competitors. Also, FEMSA's strong cash flow generation capacity enables it to make incremental investments in business expansion. However, the company has lagged earnings estimates for three straight quarters now. FEMSA has been facing difficult times due to currency headwinds that hurt Coca-Cola FEMSA's results. Further, the company has been witnessing pressurized margins owing to growth of lower-margin businesses. Nevertheless, FEMSA's focus on achieving growth via acquisitions bode well. Estimates have been stable ahead of the second quarter earnings release.”
  • 7/12/2017 – Fomento Economico Mexicano S.A.B. de C.V. was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Fomento Economico Mexicano S.A.B. de C.V. (FMX) traded up 1.66% during midday trading on Wednesday, reaching $98.56. The company’s stock had a trading volume of 217,460 shares. The stock has a 50 day moving average price of $100.64 and a 200-day moving average price of $94.08. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $73.45 and a 52-week high of $103.82. The company has a market capitalization of $35.27 billion, a price-to-earnings ratio of 29.33 and a beta of 0.58.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last posted its earnings results on Tuesday, July 25th. The company reported $0.72 EPS 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 return on equity of 8.42% and a net margin of 5.26%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.49 billion. Equities research analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post $3.47 EPS for the current year.

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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