Fomento Economico Mexicano (FMX) Receiving Somewhat Favorable News Coverage, Analysis Finds
Headlines about Fomento Economico Mexicano (NYSE:FMX) have trended somewhat positive on Monday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fomento Economico Mexicano earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.6151249687328 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
FMX has been the topic of several research analyst reports. Zacks Investment Research raised Fomento Economico Mexicano from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Thursday, August 17th. BidaskClub raised Fomento Economico Mexicano from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co raised Fomento Economico Mexicano from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $98.00 to $117.00 in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $114.40.
Shares of Fomento Economico Mexicano (NYSE:FMX) traded up $0.56 during midday trading on Monday, hitting $93.24. The stock had a trading volume of 943,407 shares, compared to its average volume of 410,132. Fomento Economico Mexicano has a 1 year low of $73.45 and a 1 year high of $103.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55. The stock has a market cap of $33,163.00, a PE ratio of 13.03, a PEG ratio of 1.83 and a beta of 0.54.
The company also recently declared a semiannual dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a dividend of $0.6759 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a dividend yield of 1.52%. Fomento Economico Mexicano’s dividend payout ratio is presently 18.99%.
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Fomento Economico Mexicano Company Profile
Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.
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