Fomento Economico Mexicano SAB de CV has a consensus price target of $120.89 based on the ratings of 9 analysts. The high is $145 issued by Barclays on July 15, 2024. The low is $86 issued by UBS on February 1, 2022. The 3 most-recent analyst ratings were released by Barclays, Citigroup, and Itau BBA on July 15, 2024, December 7, 2023, and November 7, 2023, respectively. With an average price target of $135.33 between Barclays, Citigroup, and Itau BBA, there's an implied 30.68% upside for Fomento Economico Mexicano SAB de CV from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Fomento Economico (NYSE:FMX) was reported by Barclays on July 15, 2024. The analyst firm set a price target for $145.00 expecting FMX to rise to within 12 months (a possible 40.02% upside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Fomento Economico (NYSE:FMX) was provided by Barclays, and Fomento Economico maintained their overweight rating.
The last upgrade for Fomento Economico Mexicano SAB de CV happened on February 9, 2024 when HSBC raised their price target to N/A. HSBC previously had a hold for Fomento Economico Mexicano SAB de CV.
The last downgrade for Fomento Economico Mexicano SAB de CV happened on January 12, 2024 when UBS changed their price target from N/A to N/A for Fomento Economico Mexicano SAB de CV.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Fomento Economico, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Fomento Economico was filed on July 15, 2024 so you should expect the next rating to be made available sometime around July 15, 2025.
While ratings are subjective and will change, the latest Fomento Economico (FMX) rating was a maintained with a price target of $160.00 to $145.00. The current price Fomento Economico (FMX) is trading at is $103.56, which is out of the analyst’s predicted range.
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