Stock To Watch: Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)


The leading market experts have placed a mean price target of $106.67 on Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.93 a share for the upcoming quarter and $3.36 for the current fiscal. Technical View The technical analysis of Fomento Economico Mexicano S.A. plainly substantiates that the 50-day moving average of Fomento Economico Mexicano S.A. is $90.57, and stock is hovering -1.08 or -1.19% distant from $90.57. It is noted that the 200-day MA is $91.48, and Fomento Economico Mexicano S.A. stock is $-1.99 or -2.17% off from this point. Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) 52-week high is $102.72 and the 52-week low is $77.47. This explains if the stock moves $-13.23, it will post a 52-week high. In event of $+15.52% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Fomento Economico Mexicano S.A., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) ratio came in at 33.52. The stock last ended the trading session at $89.49 and registered a market cap of $32.02B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) PEG ratio is at 1.70.

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