$119.69
0.62[0.52%]
At close: Apr 19
$119.69
0[0.00%]
After Hours: 6:21PM EDT
Fomento Economico
(NYSE:FMX)Fomento Economico Stock (NYSE:FMX), Analyst Ratings, Price Targets, Predictions
Fomento Economico Mexicano SAB de CV has a consensus price target of $92.12, established from looking at the 19 latest analyst ratings. The last 3 analyst ratings were released from HSBC, UBS, and Citigroup on February 9, 2024, January 12, 2024, and December 7, 2023. With an average price target of $44.67 between HSBC, UBS, and Citigroup, there's an implied -62.68% downside for Fomento Economico Mexicano SAB de CV from these 3 analyst ratings.
Analyst Firms Making Recommendations1
HSBC
UBS
Citigroup
Itau BBA
Barclays
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Fomento Economico
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/09/2024 | FMX | Buy Now | Fomento Economico | $119.69 | — | HSBC | Carlos Laboy | — | Upgrade | Hold → Buy | Get Alert |
| 01/12/2024 | FMX | Buy Now | Fomento Economico | $119.69 | — | UBS | Rodrigo Alcantara | — | Downgrade | Buy → Neutral | Get Alert |
| 12/07/2023 | FMX | Buy Now | Fomento Economico | $119.69 | 11.96% | Citigroup | Renata Cabral | → $134 | Initiates | → Neutral | Get Alert |
| 11/07/2023 | FMX | Buy Now | Fomento Economico | $119.69 | 6.11% | Itau BBA | Alejandro Fuchs | → $127 | Downgrade | Outperform → Market Perform | Get Alert |
| 10/30/2023 | FMX | Buy Now | Fomento Economico | $119.69 | 8.61% | Barclays | Benjamin Theurer | $115 → $130 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 08/25/2023 | FMX | Buy Now | Fomento Economico | $119.69 | 3.6% | HSBC | Carlos Laboy | $112 → $124 | Maintains | Hold | Get Alert |
| 08/17/2023 | FMX | Buy Now | Fomento Economico | $119.69 | 12.79% | Citigroup | Sergio Matsumoto | $125 → $135 | Maintains | Buy | Get Alert |
| 06/07/2023 | FMX | Buy Now | Fomento Economico | $119.69 | -6.42% | HSBC | Carlos Laboy | $84 → $112 | Upgrade | Reduce → Hold | Get Alert |
| 05/03/2023 | FMX | Buy Now | Fomento Economico | $119.69 | -12.27% | Barclays | Benjamin Theurer | $103 → $105 | Maintains | Equal-Weight | Get Alert |
| 04/18/2023 | FMX | Buy Now | Fomento Economico | $119.69 | -13.94% | Barclays | Benjamin Theurer | $100 → $103 | Maintains | Equal-Weight | Get Alert |
| 03/27/2023 | FMX | Buy Now | Fomento Economico | $119.69 | -8.1% | Morgan Stanley | Ricardo Alves | $102 → $110 | Maintains | Overweight | Get Alert |
| 02/17/2023 | FMX | Buy Now | Fomento Economico | $119.69 | -35.67% | HSBC | Carlos Laboy | $58 → $77 | Maintains | Reduce | Get Alert |
| 11/16/2022 | FMX | Buy Now | Fomento Economico | $119.69 | -8.76% | Goldman Sachs | Thiago Bortoluci | $95.6 → $109.2 | Maintains | Buy | Get Alert |
| 11/16/2022 | FMX | Buy Now | Fomento Economico | $119.69 | -28.98% | Barclays | Benjamin Theurer | $78 → $85 | Maintains | Overweight | Get Alert |
| 08/04/2022 | FMX | Buy Now | Fomento Economico | $119.69 | -25.64% | Goldman Sachs | Thiago Bortoluci | $104 → $89 | Maintains | Buy | Get Alert |
| 02/01/2022 | FMX | Buy Now | Fomento Economico | $119.69 | -28.15% | UBS | — | $105 → $86 | Downgrade | Buy → Neutral | Get Alert |
| 11/24/2021 | FMX | Buy Now | Fomento Economico | $119.69 | -23.13% | Morgan Stanley | Ricardo Alves | — | Upgrade | Equal-Weight → Overweight | Get Alert |
| 11/22/2021 | FMX | Buy Now | Fomento Economico | $119.69 | -24.81% | Barclays | Benjamin Theurer | — | Upgrade | Equal-Weight → Overweight | Get Alert |
| 08/03/2021 | FMX | Buy Now | Fomento Economico | $119.69 | -24.81% | Barclays | — | — | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Fomento Economico (FMX)?
The latest price target for Fomento Economico (NYSE: FMX) was reported by HSBC on February 9, 2024. The analyst firm set a price target for $0.00 expecting FMX to fall to within 12 months (a possible -100.00% downside). 9 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Fomento Economico (FMX)?
The latest analyst rating for Fomento Economico (NYSE: FMX) was provided by HSBC, and Fomento Economico upgraded their buy rating.
When was the last upgrade for Fomento Economico (FMX)?
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.
When was the last downgrade for Fomento Economico (FMX)?
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.
When is the next analyst rating going to be posted or updated for Fomento Economico (FMX)?
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 February 9, 2024 so you should expect the next rating to be made available sometime around February 9, 2025.
Is the Analyst Rating Fomento Economico (FMX) correct?
While ratings are subjective and will change, the latest Fomento Economico (FMX) rating was a upgraded with a price target of $0.00 to $0.00. The current price Fomento Economico (FMX) is trading at is $119.69, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.