Fomento Economico Mexicano S.A.B. de C.V. (FMX) : Zacks Investment Research ranks Fomento Economico Mexicano S.A.B. de C.V. (FMX) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.5, which indicates as a Strong Buy.
Fomento Economico Mexicano S.A.B. de C.V. (FMX) : The most positive equity analysts on Fomento Economico Mexicano S.A.B. de C.V. (FMX) expects the shares to touch $115, whereas, the least positive believes that the stock will trade at $105 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $110.5 with an expected fluctuation of $4.2 from the mean.
Also, Brokerage firm HSBC upgrades its rating on Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 10, 2016.
Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX): The stock opened in the green at $87.64 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $88.02 and a low of $86.64 for the day. The stock did not find buyers even at the lows and closed at $86.75 recording a loss of -0.57%. 655,124 shares exchanged hands during the trading day. The stock had closed at $87.25 in the previous days trading.
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company conducts its operations through principal holding companies, each of which it refers to as a principal sub-holding company. These companies are Coca-Cola FEMSA, S.A.B. de C.V. (Coca-Cola FEMSA), which engages in the production, distribution and marketing of beverages, and FEMSA Comercio, S.A. de C.V. (FEMSA Comercio), which operates small-format stores, and CB Equity, LLP (CB Equity), which holds its investment in Heineken N.V. and Heineken Holding N.V. The Companys Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries in which it operates. Coca-Cola FEMSA also sells bottled water products in bulk sizes. FEMSA Comercio operates a chain of small-format stores in Mexico.