Fomento Economico Mexicano SAB (FMX) Shares Gap Up to $92.43
Fomento Economico Mexicano SAB (NYSE:FMX) gapped up before the market opened 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 changing hands.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. HSBC raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Fomento Economico Mexicano SAB in a research note on Tuesday, July 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $107.75.
The firm has a 50-day moving average price of $93.77 and a 200-day moving average price of $92.43. The stock has a market capitalization of $33.22 billion and a PE ratio of 33.16.
Fomento Economico Mexicano SAB (NYSE:FMX) last issued its earnings results on Wednesday, July 27th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.12. On average, equities research analysts expect that Fomento Economico Mexicano SAB will post $3.10 earnings per share for the current 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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