Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE:FMX) price on Friday, February 28, fall -0.01% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $94.08.
A look at the stock’s price movement, the close in the last trading session was $94.09. The PE ratio in trailing twelve months stood at 25.66. Turning to its 52-week performance, $129.51 and $80.71 were the 52-week high and 52-week low respectively. Overall, FMX moved 8.60% over the past month.
Fomento Economico Mexicano S.A.B. de C.V. ADR’s market cap currently stands at around $19.37 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 4.99, with its dividend yield at 5.30%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 194.61B for the company’s revenue for the quarter, with a low and high estimate of 192.86B and 196.36B respectively. The average forecast suggests up to a 9.21% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 848.11B, representing a 8.51% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FMX is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend FMX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FMX’s current price about 5.59% and 8.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.03, while 7-day volatility ratio is 2.59% and 2.67% in the 30-day chart. Further, Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has a beta value of 0.84, and an average true range (ATR) of 2.41. Analysts have given the company’s stock an average 52-week price target of $138, forecast between a low of $138 and high of $138. Looking at the price targets, the low is -46.68% off current price level while to achieve the yearly target high, price needs to move -46.68%. Nonetheless, investors will most likely welcome a -46.68% jump to $138 which is the analysts’ median price.
If we refocus on Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE:FMX), historical trading data shows that trading volumes averaged 498.09K over the past 3 months. The company’s latest data on shares outstanding shows there are 205.90 million shares.
The 0.00% of Fomento Economico Mexicano S.A.B. de C.V. ADR’s shares are in the hands of company insiders while institutional holders own 34.39% of the company’s shares. Current price change has pushed the stock 10.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FMX stock continues to rise going into the next quarter.
