Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $106.920 on Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.270 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) stands at 35.366. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Fomento Economico Mexicano S.A., the PEG ratio for coming 3-5 years is 1.870. Technical Analysis The technical analysis highlights that Fomento Economico Mexicano S.A. current price is trading $1.935 points away +2.117% from $91.430, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $91.552 and, for now, the stock price is trading $1.813 or +1.981% away from that point. The 52-week high of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) was $102.720 while lowest point recorded in 52-week was $77.470. It implies if stock price makes a movement of over $-9.355, it will record a new 52-week high. In the case of $+20.518% points drop, it will touch a new 52-week low.
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