Fomento Economico Mexicano S.A. with ticker code (FMX) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 112 and 74 calculating the mean target price we have 93.77. Now with the previous closing price of 77.08 this would imply there is a potential upside of 21.7%. The day 50 moving average is 77.18 and the 200 moving average now moves to 81.75. The company has a market cap of $72,997m. You can visit the company’s website by visiting: https://www.femsa.com
The potential market cap would be $88,803m based on the market concensus.
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, including low-sugar or sugar-free carbonated beverages; refreshing juices, nectars, and fruit-based drinks; purified, and carbonated and flavored water; coffees, teas, and sports and energy drinks; and dairy products and products based on vegetable protein. It also operates small-box retail chain stores in Mexico, Colombia, Peru, the United States, 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 coolers, commercial refrigeration equipment, and plastic cases; food processing, preservation, and weighing equipment; and provision of logistic transportation and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2020, it operated 19,566 OXXO small-format stores; 3,368 drugstores; and 558 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico.
