Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) is -15.29% lower on its value in year-to-date trading and has touched a low of $79.61 and a high of $111.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FMX stock was last observed hovering at around $98.6 in the last trading session, with the day’s loss setting it -6.56%.
Currently trading at $92.04, the stock is -7.80% and -9.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.11 million and changing -6.65% at the moment leaves the stock -2.62% off its SMA200. FMX registered 9.64% gain for a year compared to 6-month gain of 9.35%. The firm has a 50-day simple moving average (SMA 50) of $103.1032 and a 200-day simple moving average (SMA200) of $95.9229.
The stock witnessed a -8.14% loss in the last 1 month and extending the period to 3 months gives it a -12.31%, and is -7.80% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.58% over the week and 2.24% over the month.
Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) has around 391244 employees, a market worth around $18.95B and $41.88B in sales. Current P/E ratio is 21.16 and Fwd P/E is 16.84. Profit margin for the company is 3.68%. Distance from 52-week low is 15.61% and -17.69% from its 52-week high. The company has generated returns on investments over the last 12 months (5.88%).
with sales reaching $219.74B over the same period.The EPS is expected to grow by 18.52% this year, but quarterly earnings will post 9.35% year-over-year. Quarterly sales are estimated to grow 11.67% in year-over-year returns.
Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX) Top Institutional Holders
413.0 institutions hold shares in Fomento Economico Mexicano S.A.B. de C.V. ADR (FMX), with institutional investors hold 35.99% of the company’s shares. The shares outstanding are 205.90M, and float is at 205.90M with Short Float at 0.64%. Institutions hold 35.99% of the Float.
The top institutional shareholder in the company is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with over 9.58 million shares valued at $1.03 billion. The investor’s holdings represent 0.2727% of the FMX Shares outstanding. As of 2024-06-30, the second largest holder is HARDING LOEVNER LP with 6.84 million shares valued at $736.49 million to account for 0.1947 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 4.83 million shares representing 0.1374% and valued at over $519.59 million, while BAILLIE GIFFORD & CO holds 0.1106 of the shares totaling 3.89 million with a market value of $418.29 million.
