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 a possible profit 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.
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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.76 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 3.08 percent in FY estimates.
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. Over the same time period, 2 analysts revised their FY earnings estimates upwards, 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. People on Wall Street often look at a company's PEG ratio. 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. The PEG ratio of FMX is 3.19.
In the trailing 52-weeks, FMX hit 103.82 at the highest peak, while it's lowest trading point was 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.