Fomento Economico Mexicano S.A.B. de C.V. ADR [FMX] stock prices are up 1.30% to $111.44 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FMX shares have gain 4.02% over the last week, with a monthly amount drifted -3.26%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Fomento Economico Mexicano S.A.B. de C.V. ADR [NYSE: FMX] stock has seen the most recent analyst activity on February 26, 2024, when BofA Securities downgraded its rating to a Neutral. Previously, HSBC Securities upgraded its rating to Buy on February 09, 2024, and elevated its price target to $152. On January 12, 2024, downgrade downgraded it’s rating to Neutral. Citigroup started tracking the stock assigning a Neutral rating. Itau BBA downgraded its rating to a Market Perform but $127 remained the price target by the analyst firm on November 07, 2023. Barclays upgraded its rating to Overweight for this stock on October 30, 2023, and upped its price target to $130. In a note dated June 07, 2023, HSBC Securities upgraded an Hold rating on this stock and boosted its target price from $84 to $112.
The stock price of Fomento Economico Mexicano S.A.B. de C.V. ADR [FMX] has been fluctuating between $98.52 and $142.39 over the past year. Currently, Wall Street analysts expect the stock to reach $151.5 within the next 12 months. Fomento Economico Mexicano S.A.B. de C.V. ADR [NYSE: FMX] shares were valued at $111.44 at the most recent close of the market. An investor can expect a potential return of 35.95% based on the average FMX price forecast.
Analyzing the FMX fundamentals
The Fomento Economico Mexicano S.A.B. de C.V. ADR [NYSE:FMX] reported sales of 42.34B for trailing twelve months, representing a surge of 2.79%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 110.41 points at the first support level, and at 109.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.08, and for the 2nd resistance point, it is at 112.72.
Ratios To Look Out For
It’s worth pointing out that Fomento Economico Mexicano S.A.B. de C.V. ADR [NYSE:FMX]’s Current Ratio is 1.72. On the other hand, the Quick Ratio is 1.44, and the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 2.51 and price to earnings (TTM) ratio is 25.38.
