Fomento Economico Mexicano S.A. with ticker code (FMX) now have 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 117 and 84 with the average target price sitting at $103.88. Given that the stocks previous close was at $94.90 this is indicating there is a potential upside of 9.5%. Also worth taking note is the 50 day moving average now sits at $89.02 and the 200 moving average now moves to $74.33. The company has a market cap of $149,320m. Visit the company website at: https://www.femsa.com
The potential market cap would be $163,449m based on the market consensus.
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.
The company has a dividend yield of 1.8% with the ex dividend date set at 3-11-2022 (DMY).
Other points of data to note are a P/E ratio of 24.87, revenue per share of 1881.38 and a 4.84% return on assets.
