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.
Many analysts weighed in on price targets for FMX. The most optimistic price target was 116.09, which equates to a potential upside of 15.51 percent. The lowest price target was 90, which equates to a potential downside of -10.45 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.24 percent. That number becomes 9.79 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
Analysts estimate earnings of FMX to grow at a rate of 10.24 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. FMX has a PEG ratio of 3.19.
In the trailing 52-weeks, FMX hit 103.82 at the highest peak, while it's lowest trading point was 73.45. Currently the stock is 36.83 percent higher than its low, and 3.2 percent lower than its 52-week high. 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 market cap of FMX is $21.83 billion. FMX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.