Fomento Economico Mexicano SAB (FMX) Downgraded to Buy at ValuEngine
ValuEngine lowered shares of Fomento Economico Mexicano SAB (NYSE:FMX) from a strong-buy rating to a buy rating in a report published on Thursday morning.
FMX has been the topic of several other research reports. Zacks Investment Research downgraded Fomento Economico Mexicano SAB from a hold rating to a sell rating in a report on Monday, February 5th. Credit Suisse Group downgraded Fomento Economico Mexicano SAB from an outperform rating to a neutral rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $114.40.
Fomento Economico Mexicano SAB (NYSE FMX) opened at $92.08 on Thursday. Fomento Economico Mexicano SAB has a twelve month low of $82.58 and a twelve month high of $103.82. The company has a current ratio of 1.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $32,948.34, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.54.
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About Fomento Economico Mexicano SAB
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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