Fomento Economico Mexicano S.A. – Consensus Indicates Potential 24.4% Upside

Broker Ratings

Fomento Economico Mexicano S.A. found using ticker (FMX) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 106 and 68 calculating the average target price we see 92.13. Now with the previous closing price of 74.06 this would imply there is a potential upside of 24.4%. The day 50 moving average is 77.29 and the 200 moving average now moves to 79.58. The company has a market cap of $72,266m. Visit the company website at: https://www.femsa.com

The potential market cap would be $89,898m based on the market concensus.

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Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of chillers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.

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