Recent extremely meaningful negative changes in investment behavior have impacted Fomento Economico Mexican SAB de (NYSE: FMX): its longer term price trend turned down, and negative upside/downside volume developed.
Fomento Economico Mexican SAB de (NYSE: FMX) has recently experienced notable 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 B. 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Fomento Economico Mexican SAB de has a neutral Power Rating of 51 but a very high Appreciation Score of 86, triggering the Positive Value Trend Rating.
Recent Price Action
Fomento Economico Mexican SAB de (NYSE: FMX) stock enjoyed a large increase of 2.1% on 6/5/24. The stock closed at $113.76. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -3.0% during the last week.
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