Fomento Economico Mexicano S.A.B. de C.V. ADR [FMX] stock prices are down -1.19% to $96.54 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FMX shares have gain 0.58% over the last week, with a monthly amount drifted -3.23%, and not seem to be holding up well over a long-time horizon.
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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 September 23, 2024, when JP Morgan downgraded its rating to a Neutral and also boosted its price target to $109 from $104. Previously, BofA Securities downgraded its rating to Neutral on February 26, 2024. On February 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $152 on the stock. UBS downgraded its rating to a Neutral. Citigroup initiated its recommendation with a Neutral. Itau BBA downgraded its rating to Market Perform for this stock on November 07, 2023, but kept the price target unchanged to $127. In a note dated October 30, 2023, Barclays upgraded an Overweight rating on this stock and boosted its target price from $115 to $130.
The stock price of Fomento Economico Mexicano S.A.B. de C.V. ADR [FMX] has been fluctuating between $95.84 and $141.83 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 $96.54 at the most recent close of the market. An investor can expect a potential return of 56.93% 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 95.93 points at the first support level, and at 95.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.44, and for the 2nd resistance point, it is at 98.34.
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. As well, the Quick Ratio is 1.44, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 2.18 and price to earnings (TTM) ratio is 21.99.
