Shares of Fomento Economico Mexicano SAB (NYSE:FMX) traded up 1.2% during mid-day trading on Wednesday . The company traded as high as $97.33 and last traded at $96.93, with a volume of 312,152 shares traded. The stock had previously closed at $95.75.

A number of analysts have issued reports on the company. Barclays PLC reissued a “buy” rating and issued a $110.00 price target on shares of Fomento Economico Mexicano SAB in a research note on Tuesday, July 19th. HSBC raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research note on Wednesday, August 3rd. Finally, Citigroup Inc. raised Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $102.00 to $110.00 in a research note on Friday, April 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $107.75.

The firm’s 50-day moving average is $93.19 and its 200-day moving average is $92.26. The stock has a market cap of $34.57 billion and a price-to-earnings ratio of 34.02.

Fomento Economico Mexicano SAB (NYSE:FMX) last announced its earnings results on Wednesday, July 27th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by $0.12. On average, equities research analysts anticipate that Fomento Economico Mexicano SAB will post $3.11 earnings per share for the current fiscal year.

Other large investors recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of Fomento Economico Mexicano SAB by 8.8% in the fourth quarter. US Bancorp DE now owns 11,995 shares of the company’s stock worth $1,108,000 after buying an additional 968 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Fomento Economico Mexicano SAB by 5.2% in the fourth quarter. Advisors Asset Management Inc. now owns 13,166 shares of the company’s stock worth $1,216,000 after buying an additional 656 shares during the period. Finally, BlackRock Advisors LLC raised its stake in shares of Fomento Economico Mexicano SAB by 31.9% in the fourth quarter. BlackRock Advisors LLC now owns 429,196 shares of the company’s stock worth $39,636,000 after buying an additional 103,687 shares during the period.

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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