Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Given Consensus Rating of “Hold” by Brokerages

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has earned a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $126.33.

FMX has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Barclays dropped their target price on shares of Fomento Económico Mexicano from $125.00 to $118.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $104.00 to $109.00 in a report on Monday, September 23rd.

Fomento Económico Mexicano Stock Down 4.9 %

FMX opened at $81.23 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The company has a market capitalization of $29.06 billion, a PE ratio of 20.83, a P/E/G ratio of 5.23 and a beta of 0.90. The stock’s fifty day moving average is $90.02 and its 200-day moving average is $100.23. Fomento Económico Mexicano has a one year low of $81.07 and a one year high of $143.43.

Institutional Trading of Fomento Económico Mexicano

Several institutional investors and hedge funds have recently bought and sold shares of FMX. Synovus Financial Corp increased its position in shares of Fomento Económico Mexicano by 100.6% in the third quarter. Synovus Financial Corp now owns 12,192 shares of the company’s stock worth $1,204,000 after acquiring an additional 6,113 shares in the last quarter. Barclays PLC boosted its stake in Fomento Económico Mexicano by 78.2% in the 3rd quarter. Barclays PLC now owns 72,159 shares of the company’s stock worth $7,123,000 after purchasing an additional 31,656 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Fomento Económico Mexicano during the 3rd quarter worth approximately $19,856,000. Y Intercept Hong Kong Ltd acquired a new stake in Fomento Económico Mexicano during the 3rd quarter valued at $717,000. Finally, XTX Topco Ltd purchased a new stake in shares of Fomento Económico Mexicano in the third quarter valued at $2,339,000. Institutional investors and hedge funds own 61.00% of the company’s stock.

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.