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.
A number of analysts gave price targets for FMX. The highest price target was 116.09, implying a possible profit of 15.51 percent. The lowest price target was 90, which equates to a potential downside 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. 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. If we look at the last 90 days instead, we find a net average change of 3.08 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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, compared to 2 analysts that revised their FY estimates downwards.
FMX has an estimated earnings growth rate of 10.24 percent as forecasted by analysts. 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers 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 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's next earnings release will be on 0000-00-00, which is days away.