Fomento Económico Mexicano, S.A.B. 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. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.
Fomento Económico Mexicano Price Performance
Shares of FMX Stock traded up $1.78 on Friday, hitting $65.69. 34,631 shares of the stock traded hands, compared to its average volume of 691,747. The firm has a market cap of $23.51 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.87 and a beta of 0.95. Fomento Económico Mexicano has a 52 week low of $58.73 and a 52 week high of $89.59. The firm has a 50 day simple moving average of $64.67 and a two-hundred day simple moving average of $72.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.61 and a quick ratio of 1.24.
Wall Street Analyst Weigh In
FMX has been the topic of several research reports. StockNews.com cut shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd. The Goldman Sachs Group dropped their target price on shares of Fomento Económico Mexicano from $104.00 to $89.00 and set a "buy" rating on the stock in a report on Thursday, August 4th. Bradesco Corretora upgraded shares of Fomento Económico Mexicano from a "neutral" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Wednesday, June 1st. FIG Partners upgraded shares of Fomento Económico Mexicano from a "neutral" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Wednesday, June 1st. Finally, Barclays dropped their target price on shares of Fomento Económico Mexicano from $92.00 to $78.00 in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $84.71.