Fomento Economico Mexicano SAB de CV has a consensus price target of $119.4 based on the ratings of 10 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 JP Morgan, Barclays, and Citigroup on September 23, 2024, July 15, 2024, and December 7, 2023, respectively. With an average price target of $129.33 between JP Morgan, Barclays, and Citigroup, there's an implied 28.07% 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 JP Morgan on September 23, 2024. The analyst firm set a price target for $109.00 expecting FMX to rise to within 12 months (a possible 7.93% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Fomento Economico (NYSE:FMX) was provided by JP Morgan, and Fomento Economico downgraded their neutral 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 September 23, 2024 when JP Morgan changed their price target from $104 to $109 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 September 23, 2024 so you should expect the next rating to be made available sometime around September 23, 2025.
While ratings are subjective and will change, the latest Fomento Economico (FMX) rating was a downgraded with a price target of $104.00 to $109.00. The current price Fomento Economico (FMX) is trading at is $100.99, which is out of the analyst’s predicted range.
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