Why Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $107.75 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 $3.10 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 31.92.

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 3.34.

Technical Analysis

The technical analysis highlights that Fomento Economico Mexicano S.A. current is trading $-4.40 points away or -4.69% from its 50-day moving average of $93.78. Further it is trading $-3.03 or -3.27% away its 200-day moving average of $92.41.

The 52-week high of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) was $102.72 while lowest point recorded in 52-week was $83.01. It implies if stock price makes a movement of over $-13.34, it will record a new 52-week high. In the case of +7.67% drop, it will touch a new 52-week low.

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