BBVA has elevated its rating for Femsa (FMX, Financial) from Market Perform to Outperform. The financial institution has set a new price target of MXN 230, reflecting a more optimistic outlook for the company's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Fomento Economico Mexicano SAB de CV (FMX, Financial) is $121.05 with a high estimate of $171.00 and a low estimate of $97.00. The average target implies an upside of 19.42% from the current price of $101.36. More detailed estimate data can be found on the Fomento Economico Mexicano SAB de CV (FMX) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Fomento Economico Mexicano SAB de CV's (FMX, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fomento Economico Mexicano SAB de CV (FMX, Financial) in one year is $125.09, suggesting a upside of 23.41% from the current price of $101.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fomento Economico Mexicano SAB de CV (FMX) Summary page.
