Fomento Economico Mexican SAB de (NYSE: FMX) has recently enjoyed significant positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in fundamentals have recently occurred for Fomento Economico Mexican SAB de (NYSE: FMX): the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FMX is expected to continue to be a Value Builder.
Fomento Economico Mexican SAB de has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Fomento Economico Mexican SAB de has a good Appreciation Score of 70 and a very high Power Rating of 94, triggering the Highest Value Trend Rating.
Recent Price Action
On 12/4/23, Fomento Economico Mexican SAB de (NYSE: FMX) stock declined slightly by -0.7%, closing at $126.04. However, unusually low trading volume at 66% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.
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