Stock Rating Downgrade
In the last week the Value Trend Rating for Fomento Economico Mexican SAB de (NYSE: FMX) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Fomento Economico Mexican SAB de (NYSE: FMX) stock closed at $111.82 on 8/9/24 after an increase of 1.1%. However, this advance was accompanied by below average trading volume at 76% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.6% during the last week.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Fomento Economico Mexican SAB de has a very high Appreciation Score of 86 but a slightly negative Power Rating of 35, resulting in the High Neutral Value Trend Rating.
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