Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) had its target price lowered by Barclays PLC from $115.00 to $114.00 in a research note issued on Wednesday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price objective would indicate a potential upside of 20.24% from the company’s current price.

FMX has been the subject of a number of other research reports. Morgan Stanley started coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Thursday, September 14th. They set an “overweight” rating and a $120.00 price objective for the company. Zacks Investment Research upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Wednesday, September 6th. BidaskClub upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Gabelli started coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Monday, July 17th. They set a “buy” rating and a $112.00 price objective for the company. Finally, J P Morgan Chase & Co upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $98.00 to $117.00 in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $114.40.

Fomento Economico Mexicano S.A.B. de C.V. (FMX) traded up 0.52% on Wednesday, reaching $94.81. 461,743 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $98.08 and a 200-day moving average price of $96.12. Fomento Economico Mexicano S.A.B. de C.V. has a 1-year low of $73.45 and a 1-year high of $103.82. The company has a market capitalization of $33.93 billion, a P/E ratio of 27.97 and a beta of 0.55.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.11). The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.49 billion. Fomento Economico Mexicano S.A.B. de C.V. had a return on equity of 8.42% and a net margin of 5.26%. Equities research analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post $3.45 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the business. Permit Capital LLC raised its position in Fomento Economico Mexicano S.A.B. de C.V. by 12.8% during the 2nd quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock worth $109,000 after buying an additional 125 shares during the last quarter. Intrust Bank NA purchased a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter valued at about $200,000. OxFORD Asset Management LLP purchased a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter valued at about $201,000. Laurel Wealth Advisors Inc. purchased a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter valued at about $202,000. Finally, Quantum Capital Management purchased a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter valued at about $206,000. Institutional investors own 21.62% of the company’s stock.

About Fomento Economico Mexicano S.A.B. de C.V.

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.

Analyst Recommendations for Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

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