Fomento Economico Mexicano SAB (FMX) Shares Gap Up to $92.43
Fomento Economico Mexicano SAB (NYSE:FMX)’s share price gapped up prior to trading on Friday . The stock had previously closed at $92.08, but opened at $92.43. Fomento Economico Mexicano SAB shares last traded at $93.02, with a volume of 115,458 shares traded.
A number of equities research analysts have issued reports on FMX shares. Barclays PLC reissued a “buy” rating and issued a $110.00 price target on shares of Fomento Economico Mexicano SAB in a report on Tuesday, July 19th. HSBC raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $107.75.
The company has a market cap of $33.22 billion and a PE ratio of 32.58. The firm’s 50 day moving average price is $93.74 and its 200 day moving average price is $92.43.
Fomento Economico Mexicano SAB (NYSE:FMX) last issued its earnings results on Wednesday, July 27th. The company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.12. On average, equities research analysts forecast that Fomento Economico Mexicano SAB will post $3.11 earnings per share for the current fiscal year.
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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