Fomento Economico Mexicano (NYSE:FMX) Stock Price Expected to Rise, UBS Group Analyst Says

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) had its price target hoisted by research analysts at UBS Group from $112.00 to $115.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target would indicate a potential upside of 13.24% from the stock's current price.

A number of other brokerages have also recently weighed in on FMX. Itau BBA Securities upgraded Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Wall Street Zen cut shares of Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Barclays raised their price objective on shares of Fomento Economico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $107.45.

Fomento Economico Mexicano Stock Down 0.9%

FMX stock traded down $0.91 during midday trading on Thursday, reaching $101.55. 656,017 shares of the company were exchanged, compared to its average volume of 598,572. The company has a market cap of $36.33 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 3.29 and a beta of 0.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.31 and a current ratio of 1.64. Fomento Economico Mexicano has a 1-year low of $81.08 and a 1-year high of $119.18. The stock's 50-day simple moving average is $104.15 and its 200 day simple moving average is $96.68.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). Fomento Economico Mexicano had a return on equity of 7.86% and a net margin of 3.98%. The firm had revenue of $9.65 billion for the quarter, compared to analysts' expectations of $194.75 billion. On average, equities analysts forecast that Fomento Economico Mexicano will post 5.32 earnings per share for the current year.

Institutional Trading of Fomento Economico Mexicano

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in Fomento Economico Mexicano by 3,079.5% in the fourth quarter. Assetmark Inc. now owns 4,038 shares of the company's stock valued at $345,000 after acquiring an additional 3,911 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Fomento Economico Mexicano during the 4th quarter worth $813,000. ANTIPODES PARTNERS Ltd increased its position in shares of Fomento Economico Mexicano by 28.4% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 815,739 shares of the company's stock worth $69,743,000 after acquiring an additional 180,244 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in Fomento Economico Mexicano during the 4th quarter worth $2,004,000. Finally, First Eagle Investment Management LLC grew its stake in shares of Fomento Economico Mexicano by 20.5% in the fourth quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company's stock valued at $1,081,939,000 after buying an additional 2,150,913 shares in the last quarter. Hedge funds and other institutional investors own 61.00% of the company's stock.

About Fomento Economico 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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