The stock of Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) is a huge mover today! About 307,171 shares traded hands. Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) has risen 0.54% since March 7, 2016 and is uptrending. It has underperformed by 7.05% the S&P500.
The move comes after 6 months positive chart setup for the $31.64B company. It was reported on Oct, 10 by Barchart.com. We have $129.32 PT which if reached, will make NYSE:FMX worth $10.76 billion more.
Analysts await Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) to report earnings on October, 26. They expect $0.78 earnings per share, up 34.48% or $0.20 from last year’s $0.58 per share. FMX’s profit will be $255.72M for 30.93 P/E if the $0.78 EPS becomes a reality. After $0.74 actual earnings per share reported by Fomento Economico Mexicano SAB (ADR) for the previous quarter, Wall Street now forecasts 5.41% EPS growth.
Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) Ratings Coverage
Out of 4 analysts covering Fomento Economico Mexicano SAB (NYSE:FMX), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Fomento Economico Mexicano SAB has been the topic of 7 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Citigroup upgraded the stock to “Buy” rating in Friday, April 29 report. Barclays Capital maintained the shares of FMX in a report on Monday, March 7 with “Overweight” rating. Zacks upgraded the stock to “Hold” rating in Wednesday, August 19 report. JP Morgan maintained Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) on Tuesday, August 18 with “Overweight” rating. Zacks downgraded Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) on Monday, August 31 to “Buy” rating. The rating was upgraded by HSBC on Wednesday, August 10 to “Buy”.
According to Zacks Investment Research, “FOMENTO ECO-ADR is Latin America’s largest beverage company, exporting to the United States, Canada, and select countries in Europe, Asia, and Latin America. They are strategically comprised of and operates by means of the following subsidiaries: FEMSA Cerveza, Coca-Cola FEMSA, the largest bottler for The Coca-Cola Co. in Latin America, and the Strategic Businesses Division, which groups the packaging, retail and logistics operations, whose main objective is to offer competitive advantages to the beverage subsidiaries.”
More notable recent Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) news were published by: Marketwatch.com which released: “Fomento Economico Mexicano SAB de CV ADR” on June 17, 2009, also Investorplace.com with their article: “5 Beverages Stocks to Sell Now” published on September 23, 2016, Twst.com published: “Anheuser Busch Inbev SA (ADR) (NYSE:BUD) an Acquisition Specialist” on July 20, 2016. More interesting news about Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) were released by: Seekingalpha.com and their article: “Herzfeld Caribbean Basin Fund: Is The Rally Justified?” published on December 18, 2014 as well as Zacks.com‘s news article titled: “3 Top Latin American Funds to Brave Concerns” with publication date: April 28, 2014.
FMX Company Profile
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA), incorporated on May 12, 1936, is a holding company. The Company’s divisions are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Firm conducts its activities through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company’s Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio. The Firm has presence in Argentina, Brazil, Chile, Colombia, Costa Rica, Philippines, Guatemala, Mexico, Nicaragua, Panama and Peru.
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