Analyst Ratings for Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX)Updated: 2017-07-28
Analysts covering Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE:FMX) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for FMX last month.
13 analysts declared FMX a buy, 0 gave an overweight rating, 6 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.
FMX was given price targets by several analysts. The highest price target was 116.09, implying potential capital gains of 15.51 percent. The minimum price target given was 90, implying a possible loss of -10.45 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 3.24 percent. The average change in earnings estimates over the last 90 days is 9.79 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.76 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.08 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 3 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.
FMX has an estimated earnings growth rate of 10.24 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. FMX has a PEG ratio of 3.19.
FMX has a 52-week high of 103.82 and a 52-week low of 73.45. Currently the stock is 36.83 percent higher than its low, and below the high by 3.2 percent. FMX has a P/E ratio of 32.63. Investors typically compare the P/E ratio to a company's peers in the industry. The FMX value stock report compares FMX to some of its peers using value stock charts. The stock has a market capitalization of $21.83 billion. FMX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.