News headlines about Fomento Economico Mexicano SAB (NYSE:FMX) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fomento Economico Mexicano SAB earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.5514155451399 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Fomento Economico Mexicano SAB (NYSE FMX) traded up $1.91 during mid-day trading on Friday, reaching $95.33. The company’s stock had a trading volume of 458,160 shares, compared to its average volume of 532,361. The stock has a market capitalization of $31,870.00, a P/E ratio of 14.27, a P/E/G ratio of 1.61 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.88 and a debt-to-equity ratio of 0.36. Fomento Economico Mexicano SAB has a 52 week low of $74.01 and a 52 week high of $103.82.
A number of brokerages have recently commented on FMX. JPMorgan Chase & Co. upgraded Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $98.00 to $117.00 in a research note on Monday, October 2nd. Zacks Investment Research upgraded Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Wednesday, September 20th. Barclays lowered their price target on Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 11th. ValuEngine upgraded Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Credit Suisse Group downgraded Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Fomento Economico Mexicano SAB currently has a consensus rating of “Buy” and a consensus target price of $114.40.
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.
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