Recent extremely meaningful negative changes in investment behavior have impacted Fomento Economico Mexican SAB de (NYSE: FMX): its shorter term price trend turned down, and the stock fell on very heavy volume.
Fomento Economico Mexican SAB de (NYSE: FMX) has recently experienced meaningful negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
FMX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Fomento Economico Mexican SAB de has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Fomento Economico Mexican SAB de has a very high Appreciation Score of 89 but a slightly negative Power Rating of 34, triggering the High Neutral Value Trend Rating.
Recent Price Action
Fomento Economico Mexican SAB de (NYSE: FMX) stock closed at $102.78 on 8/30/24 after a slight decline of -1.0%. Moreover, trading volume in this decline was exceptionally high at 235% of normal. The stock has declined -4.0% during the last week and has been weak relative to the market over the last nine months.
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