Fomento Económico Mexicano (NYSE:FMX) Downgraded by StockNews.com

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

Other research analysts also recently issued reports about the company. Barclays cut their price target on Fomento Económico Mexicano from $145.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. downgraded Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $104.00 to $109.00 in a report on Monday, September 23rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $129.40.

Fomento Económico Mexicano Price Performance

Shares of Fomento Económico Mexicano stock traded down $1.53 during trading on Tuesday, hitting $96.85. 626,388 shares of the company were exchanged, compared to its average volume of 685,354. The firm has a 50 day moving average price of $100.75 and a 200 day moving average price of $109.06. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 5.59 and a beta of 0.94. Fomento Económico Mexicano has a fifty-two week low of $95.84 and a fifty-two week high of $143.43.

Institutional Trading of Fomento Económico Mexicano

Institutional investors have recently added to or reduced their stakes in the business. Park Place Capital Corp boosted its position in Fomento Económico Mexicano by 78.2% during the 1st quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 97 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Fomento Económico Mexicano in the 2nd quarter valued at about $51,000. Van ECK Associates Corp boosted its position in Fomento Económico Mexicano by 61.7% in the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company’s stock valued at $78,000 after buying an additional 306 shares during the last quarter. CWM LLC boosted its position in Fomento Económico Mexicano by 28.7% in the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock valued at $103,000 after buying an additional 213 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in Fomento Económico Mexicano in the 2nd quarter valued at about $163,000.

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.