Fomento Económico Mexicano, SAB de CV (FMX)
NYSE: FMX · IEX Real-Time Price · USD
118.78
-1.13 (-0.94%)
May 20, 2024, 4:00 PM EDT - Market closed
FMX Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for FMX stock have an average target of 131.5, with a low estimate of 127 and a high estimate of 135. The average target predicts an increase of 10.71% from the current stock price of 118.78.
Analyst Consensus: Buy
* Price targets were last updated on Dec 7, 2023.
Analyst Ratings
The average analyst rating for FMX stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Hold | 3 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 7 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HSBC | HSBC | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Feb 9, 2024 |
| UBS | UBS | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jan 12, 2024 |
| Citigroup | Citigroup | Hold Initiates $134 | Hold | Initiates | $134 | +12.81% | Dec 7, 2023 |
| Itau BBA | Itau BBA | Buy → Hold Downgrades $127 | Buy → Hold | Downgrades | $127 | +6.92% | Nov 7, 2023 |
| Barclays | Barclays | Hold → Buy Upgrades $115 → $130 | Hold → Buy | Upgrades | $115 → $130 | +9.45% | Oct 30, 2023 |
Financial Forecast
Revenue This Year
807.82B
from 702.69B
Increased by 14.96%
Revenue Next Year
869.91B
from 807.82B
Increased by 7.69%
EPS This Year
10.12
from 32.80
Decreased by -69.13%
EPS Next Year
11.21
from 10.12
Increased by 10.68%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 908.6B | 949.3B | 1.0T | 1.1T | 1.1T |
| Avg | 807.8B | 869.9B | 960.7B | 1.0T | 1.1T |
| Low | 645.8B | 703.1B | 886.1B | 963.7B | 1.0T |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 29.3% | 17.5% | 15.7% | 16.6% | 7.5% |
| Avg | 15.0% | 7.7% | 10.4% | 8.4% | 5.0% |
| Low | -8.1% | -13.0% | 1.9% | 0.3% | -0.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.95 | 12.52 | 14.32 | 16.96 |
| Avg | 10.12 | 11.21 | 12.74 | 16.64 |
| Low | 8.28 | 9.46 | 10.24 | 15.83 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -63.6% | 23.6% | 27.8% | 33.1% |
| Avg | -69.1% | 10.7% | 13.7% | 30.6% |
| Low | -74.8% | -6.6% | -8.6% | 24.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.