Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.85 and last traded at $79.85, with a volume of 17531 shares traded. The stock had previously closed at $78.58.

A number of equities analysts recently commented on the company. Barclays downgraded Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $70.00 to $75.00 in a report on Tuesday, January 19th. Bank of America upgraded Fomento Económico Mexicano from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $200.00 in a report on Monday, March 15th. Itau BBA Securities upgraded Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a report on Monday. Finally, Zacks Investment Research downgraded Fomento Económico Mexicano from a “hold” rating to a “strong sell” rating and set a $59.00 price objective on the stock. in a report on Monday, February 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $101.80.

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38. The firm has a fifty day simple moving average of $73.50 and a 200 day simple moving average of $69.27. The company has a market cap of $28.53 billion, a price-to-earnings ratio of 80.54, a P/E/G ratio of 5.89 and a beta of 0.97.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Monday, March 1st. The company reported ($0.17) EPS for the quarter. Fomento Económico Mexicano had a net margin of 1.21% and a return on equity of 2.70%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.32 billion. Analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 1.3 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Confluence Investment Management LLC grew its stake in shares of Fomento Económico Mexicano by 5.1% in the first quarter. Confluence Investment Management LLC now owns 3,435 shares of the company’s stock worth $259,000 after acquiring an additional 166 shares during the last quarter. Dumac Inc. acquired a new stake in shares of Fomento Económico Mexicano in the fourth quarter worth $667,000. Amundi Pioneer Asset Management Inc. grew its stake in shares of Fomento Económico Mexicano by 1.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 195,057 shares of the company’s stock worth $14,779,000 after acquiring an additional 2,115 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new stake in shares of Fomento Económico Mexicano in the fourth quarter worth $31,000. Finally, Perpetual Investment Management Limited acquired a new stake in shares of Fomento Económico Mexicano in the fourth quarter worth $5,564,000. Institutional investors own 19.07% of the company’s stock.

Fomento Económico Mexicano Company Profile (NYSE:FMX)

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages, including low-sugar or sugar-free carbonated beverages; refreshing juices, nectars, and fruit-based drinks; purified, and carbonated and flavored water; coffees, teas, and sports and energy drinks; and dairy products and products based on vegetable protein.

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