Media coverage about Fomento Economico Mexicano SAB (NYSE:FMX) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fomento Economico Mexicano SAB earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2283031560726 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of brokerages have issued reports on FMX. Zacks Investment Research lowered Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. ValuEngine raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Credit Suisse Group lowered Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $114.40.
Shares of Fomento Economico Mexicano SAB stock traded down $1.62 during midday trading on Monday, reaching $88.35. The company’s stock had a trading volume of 441,371 shares, compared to its average volume of 464,669. Fomento Economico Mexicano SAB has a 52 week low of $84.32 and a 52 week 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 stock has a market capitalization of $32,193.30, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 1.51 and a beta of 0.54.
Fomento Economico Mexicano SAB (NYSE:FMX) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.82). Fomento Economico Mexicano SAB had a return on equity of 15.32% and a net margin of 9.53%. The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.55 billion. analysts predict that Fomento Economico Mexicano SAB will post 3.98 EPS for the current fiscal year.
Fomento Economico Mexicano SAB Company Profile
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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