FMX has been the topic of a number of other reports. Bradesco Corretora raised Fomento Económico Mexicano from a neutral rating to an outperform rating and set a $90.00 price target on the stock in a research report on Wednesday, June 1st. FIG Partners raised Fomento Económico Mexicano from a neutral rating to an outperform rating and set a $90.00 price target on the stock in a research report on Wednesday, June 1st. HSBC cut Fomento Económico Mexicano from a hold rating to a reduce rating and set a $68.00 price target on the stock. in a research report on Thursday, May 5th. Finally, Barclays lowered their price objective on Fomento Económico Mexicano from $92.00 to $78.00 in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Fomento Económico Mexicano presently has a consensus rating of Moderate Buy and a consensus target price of $84.71.
Fomento Económico Mexicano Stock Performance
Shares of FMX opened at $60.33 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average price is $65.75 and its 200-day moving average price is $73.32. Fomento Económico Mexicano has a 52 week low of $58.73 and a 52 week high of $89.59. The stock has a market cap of $21.59 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.80 and a beta of 0.95.
Institutional Investors Weigh In On Fomento Económico Mexicano
About Fomento Económico Mexicano
Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.
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