Stock of The Day: Fomento Economico Mexicano SAB (ADR) Stock Is At 52 Week Low Now

Stock of The Day: Fomento Economico Mexicano SAB (ADR) Stock Is At 52 Week Low Now

The stock of Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) hit a new 52-week low and has $77.18 target or 7.00% below today’s $82.99 share price. The 6 months bearish chart indicates high risk for the $27.91 billion company. The 1-year low was reported on Nov, 10 by If the $77.18 price target is reached, the company will be worth $1.95B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 2.28M shares traded hands or 265.46% up from the average. Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) has declined 2.32% since April 8, 2016 and is downtrending. It has underperformed by 7.97% the S&P500.

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. $112 is the highest target while $102 is the lowest. The $107.75 average target is 29.83% above today’s ($82.99) stock price. Fomento Economico Mexicano SAB has been the topic of 8 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, April 29 by Citigroup. The stock of Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) has “Overweight” rating given on Monday, March 7 by Barclays Capital. The firm has “Overweight” rating by JP Morgan given on Tuesday, August 18. The firm earned “Buy” rating on Wednesday, August 10 by HSBC. The rating was maintained by Barclays Capital on Friday, October 14 with “Overweight”. The stock of Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) earned “Hold” rating by Zacks on Wednesday, August 19. The stock has “Buy” rating given by Zacks on Monday, August 31.

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.”

Another recent and important Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) news was published by which published an article titled: “Fomento Economico Mexicano SAB de CV ADR” on June 17, 2009.

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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