Fomento Economico Mexicano (NYSE:FMX) Stock Price Target Raised at UBS Group

Fomento Economico Mexicano (NYSE:FMX) had its price target lifted by analysts at UBS Group from $130.00 to $134.00 in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock. UBS Group‘s price objective suggests a potential upside of 4.22% from the stock’s current price.

FMX has been the topic of a number of other reports. Bank of America raised shares of Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and raised their price objective for the company from $125.00 to $150.00 in a research note on Tuesday, August 4th. Zacks Research downgraded Fomento Economico Mexicano from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $150.00 price target on Fomento Economico Mexicano in a research note on Tuesday, August 4th. Wall Street Zen lowered Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Weiss Ratings raised Fomento Economico Mexicano from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.

Fomento Economico Mexicano Trading Down 0.4%

NYSE:FMX traded down $0.46 on Friday, hitting $128.57. 199,397 shares of the stock were exchanged, compared to its average volume of 473,038. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.14. Fomento Economico Mexicano has a 52 week low of $90.87 and a 52 week high of $141.47. The stock has a market capitalization of $44.43 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 0.69 and a beta of 0.41. The company’s 50-day moving average price is $120.35 and its 200 day moving average price is $122.01.

Fomento Economico Mexicano (NYSE:FMX) last issued its earnings results on Tuesday, June 30th. The company reported $0.93 earnings per share (EPS) for the quarter. Fomento Economico Mexicano had a net margin of 3.60% and a return on equity of 7.24%. The company had revenue of $13.20 billion for the quarter. On average, equities research analysts forecast that Fomento Economico Mexicano will post 6.32 earnings per share for the current year.

Insider Activity

In other news, Director Michael David Kahn acquired 2,100 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $118.13 per share, for a total transaction of $248,073.00. Following the transaction, the director directly owned 2,100 shares in the company, valued at approximately $248,073. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 5.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of Fomento Economico Mexicano during the first quarter worth about $28,000. Pin Oak Investment Advisors Inc. acquired a new stake in Fomento Economico Mexicano during the 2nd quarter worth approximately $33,000. GAMMA Investing LLC lifted its stake in Fomento Economico Mexicano by 79.2% in the third quarter. GAMMA Investing LLC now owns 396 shares of the company’s stock valued at $47,000 after buying an additional 175 shares in the last quarter. Trust Co. of Vermont bought a new position in Fomento Economico Mexicano in the second quarter valued at approximately $102,000. Finally, IFP Advisors Inc bought a new position in Fomento Economico Mexicano in the second quarter valued at approximately $118,000. 61.00% of the stock is owned by institutional investors and hedge funds.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Monterrey, Mexico-based multinational company with operations focused on beverage bottling, retail and related consumer services. The company traces its origins to 1890, when it was established as a brewery in Monterrey, and has since developed into one of Latin America’s largest consumer-facing businesses.

FEMSA’s principal beverage business is Coca-Cola FEMSA, which produces, markets, sells and distributes Coca-Cola trademark beverages and other nonalcoholic drinks.