Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) has earned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $115.75.

FMX has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on shares of Fomento Economico Mexicano in a research note on Thursday, September 14th. They issued an “overweight” rating and a $120.00 target price for the company. Zacks Investment Research downgraded shares of Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Fomento Economico Mexicano from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Finally, Barclays cut their price objective on shares of Fomento Economico Mexicano from $115.00 to $114.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th.

Shares of Fomento Economico Mexicano (NYSE:FMX) traded down $1.90 during trading hours on Thursday, reaching $92.09. 1,199,500 shares of the company traded hands, compared to its average volume of 414,926. Fomento Economico Mexicano has a twelve month low of $73.45 and a twelve month high of $103.82. The firm has a market cap of $33,631.75, a P/E ratio of 13.22, a P/E/G ratio of 1.86 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55.

The firm also recently declared a semiannual dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a $0.6759 dividend. The ex-dividend date was Friday, November 3rd. This represents a dividend yield of 1.52%. Fomento Economico Mexicano’s payout ratio is 18.99%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its stake in Fomento Economico Mexicano by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,372 shares of the company’s stock valued at $922,000 after acquiring an additional 76 shares during the last quarter. Zevin Asset Management LLC increased its stake in Fomento Economico Mexicano by 0.7% in the second quarter. Zevin Asset Management LLC now owns 16,080 shares of the company’s stock valued at $1,581,000 after acquiring an additional 115 shares during the last quarter. Permit Capital LLC increased its stake in Fomento Economico Mexicano by 12.8% in the second quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock valued at $109,000 after acquiring an additional 125 shares during the last quarter. M&T Bank Corp grew its stake in shares of Fomento Economico Mexicano by 3.8% during the second quarter. M&T Bank Corp now owns 4,053 shares of the company’s stock worth $398,000 after buying an additional 147 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Fomento Economico Mexicano by 1.6% during the second quarter. BNP Paribas Arbitrage SA now owns 23,936 shares of the company’s stock worth $2,354,000 after buying an additional 381 shares during the last quarter. Institutional investors own 26.06% of the company’s stock.

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Fomento Economico Mexicano Company Profile

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 (NYSE:FMX)

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