Fomento Económico Mexicano (NYSE:FMX) Stock Rating Lowered by StockNews.com

Fomento Económico Mexicano (NYSE:FMX) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

FMX has been the topic of several other reports. Barclays decreased their price objective on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. JPMorgan Chase & Co. downgraded shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $104.00 to $109.00 in a research report on Monday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $133.40.

Fomento Económico Mexicano Stock Up 0.7 %

FMX opened at $100.99 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Fomento Económico Mexicano has a 1-year low of $98.97 and a 1-year high of $143.43. The company has a market capitalization of $36.13 billion, a PE ratio of 27.37, a PEG ratio of 5.75 and a beta of 0.94. The firm’s 50 day simple moving average is $107.36 and its two-hundred day simple moving average is $114.18.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. The firm had revenue of $11.54 billion for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. As a group, equities analysts forecast that Fomento Económico Mexicano will post 5.44 EPS for the current year.

Institutional Trading of Fomento Económico Mexicano

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. increased its holdings in Fomento Económico Mexicano by 9.0% in the 1st quarter. Baillie Gifford & Co. now owns 4,183,454 shares of the company’s stock valued at $544,979,000 after acquiring an additional 344,815 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Fomento Económico Mexicano by 3.8% in the 4th quarter. Schroder Investment Management Group now owns 2,583,664 shares of the company’s stock worth $336,781,000 after buying an additional 94,199 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its stake in shares of Fomento Económico Mexicano by 19.4% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 945,491 shares of the company’s stock worth $123,169,000 after buying an additional 153,771 shares in the last quarter. Black Creek Investment Management Inc. grew its stake in shares of Fomento Económico Mexicano by 15.5% in the 2nd quarter. Black Creek Investment Management Inc. now owns 906,798 shares of the company’s stock worth $97,617,000 after buying an additional 121,800 shares in the last quarter. Finally, LA Financiere DE L Echiquier grew its stake in shares of Fomento Económico Mexicano by 22.1% in the 2nd quarter. LA Financiere DE L Echiquier now owns 776,241 shares of the company’s stock worth $83,562,000 after buying an additional 140,309 shares in the last quarter.

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.