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.
Investment analysts gave a few price targets for FMX. The most optimistic price target was 116.09, implying potential capital gains of 15.51 percent. The lowest price target was 90, implying potential capital losses of -10.45 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.24 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
Analysts estimate earnings of FMX to grow at a rate of 10.24 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. FMX has a PEG ratio of 3.19.
In the last 52-weeks, FMX has achieved a high of 103.82 and a low of 73.45. The current market price is above the trailing year's low by 36.83 percent, and below the high by 3.2 percent. FMX has a price/earnings 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.