Analyst Price Target is $117.40
▲ +64.38% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Fomento Económico Mexicano in the last 3 months. The average price target is $117.40, with a high forecast of $200.00 and a low forecast of $90.00. The average price target represents a 64.38% upside from the last price of $71.42.
Current Consensus is
The current consensus among 5 contributing investment analysts is to buy stock in Fomento Económico Mexicano. This rating has held steady since February 2020, when it changed from a Hold consensus rating.
Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other Business. The Coca-Cola FEMSA segment produces, markets, sells, and distributes Coca-Cola trademark beverages through standard bottler agreements in the territories where it operates. The FEMSA-Comercio Proximity Division segment operates a chain of small-format stores in Mexico. The FEMSA-Comercio Health Division segment involves drugstores and related operations. The FEMSA-Comercio Fuel Division segment deals with retail service stations for fuels, motor oils, and other car care products. The Heineken Investment segment invests in Heineken and distributes beer in a large number of countries. The Other Business segment involves other companies and corporate activities. The company was founded by Isaac Garza, José Calderón, José A. Mugue