Fomento Económico Mexicano (FMX) Stock Forecast, Price Target & Predictions
FMX Stock Forecast
Fomento Económico Mexicano stock forecast is as follows: an average price target of $151.50 (represents a 44.88% upside from FMX’s last price of $104.57) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
FMX Price Target
The average price target for Fomento Económico Mexicano (FMX) is $151.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $158.00 to $145.00. This represents a potential 44.88% upside from FMX's last price of $104.57.
FMX Analyst Ratings
According to 3 Wall Street analysts, Fomento Económico Mexicano's rating consensus is 'Buy'. The analyst rating breakdown for FMX stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Fomento Económico Mexicano Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 15, 2024 | Benjamin Theurer | Barclays | $145.00 | $117.50 | 23.40% | 38.66% |
| Feb 09, 2024 | Carlos Laboy | HSBC | $158.00 | $141.64 | 11.55% | 51.09% |
The latest Fomento Económico Mexicano stock forecast, released on Jul 15, 2024 by Benjamin Theurer from Barclays, set a price target of $145.00, which represents a 23.40% increase from the stock price at the time of the forecast ($117.50), and a 38.66% increase from FMX last price ($104.57).
Fomento Económico Mexicano Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $145.00 | $151.50 |
| Last Closing Price | $104.57 | $104.57 | $104.57 |
| Upside/Downside | -100.00% | 38.66% | 44.88% |
In the current month, the average price target of Fomento Económico Mexicano stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Fomento Económico Mexicano's last price of $104.57. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 15, 2024 | Barclays | Overweight | Overweight | Hold |
| Feb 09, 2024 | HSBC | Hold | Buy | Upgrade |
| Oct 30, 2023 | Barclays | - | Overweight | Upgrade |
| Jun 07, 2023 | HSBC | - | Hold | Upgrade |
| Jun 01, 2022 | Bradesco | Neutral | Outperform | Upgrade |
Fomento Económico Mexicano's last stock rating was published by Barclays on Jul 15, 2024. The company gave FMX a "Overweight" rating, the same as its previous rate.
Fomento Económico Mexicano Financial Forecast
Fomento Económico Mexicano Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $180.01B | $186.47B | $171.66B | $167.63B | $147.64B | $151.54B | $48.31B | $137.06B | $124.47B | $129.81B | $126.50B | $114.51B | $122.28B | $132.52B | $130.47B |
| Avg Forecast | $200.16B | $201.10B | $198.97B | $181.24B | $186.82B | $187.25B | $186.66B | $170.18B | $177.87B | $187.40B | $195.02B | $181.52B | $198.70B | $193.43B | $196.77B | $170.97B | $169.12B | $161.34B | $154.89B | $7.03B | $7.11B | $6.75B | $6.60B | $6.06B | $6.50B | $5.59B | $5.01B | $5.34B | $7.12B | $6.63B |
| High Forecast | $206.78B | $207.74B | $205.54B | $187.23B | $192.99B | $193.43B | $192.83B | $175.80B | $183.75B | $193.59B | $201.46B | $187.52B | $205.26B | $199.82B | $203.27B | $176.62B | $174.71B | $166.67B | $154.89B | $7.03B | $7.11B | $6.75B | $6.60B | $6.06B | $6.50B | $5.59B | $5.01B | $5.34B | $7.12B | $6.63B |
| Low Forecast | $193.55B | $194.45B | $192.40B | $175.25B | $180.65B | $181.06B | $180.50B | $164.56B | $172.00B | $181.21B | $188.58B | $175.53B | $192.13B | $187.04B | $190.27B | $165.33B | $163.54B | $156.01B | $154.89B | $7.03B | $7.11B | $6.75B | $6.60B | $6.06B | $6.50B | $5.59B | $5.01B | $5.34B | $7.12B | $6.63B |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | - | - | - | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.10% | 1.06% | 1.08% | 21.00% | 21.31% | 7.15% | 20.76% | 20.55% | 19.98% | 22.64% | 22.86% | 22.89% | 18.62% | 19.69% |
Fomento Económico Mexicano's average Quarter revenue forecast for Jun 23 based on 1 analysts is $196.77B, with a low forecast of $190.27B, and a high forecast of $203.27B. FMX's average Quarter revenue forecast represents a 9.31% increase compared to the company's last Quarter revenue of $180.01B (Mar 23).
Fomento Económico Mexicano EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | - | - | - | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.50B | $17.74B | $15.84B | $16.62B | $11.96B | $15.00B | $6.59B | $11.27B | $11.06B | $13.97B | $14.43B | $-1.77B | $17.85B | $10.84B | $14.18B |
| Avg Forecast | $19.76B | $19.86B | $19.65B | $17.90B | $18.45B | $18.49B | $18.43B | $16.80B | $17.56B | $18.50B | $19.26B | $17.92B | $19.62B | $19.10B | $19.43B | $16.88B | $16.70B | $64.40B | $15.29B | $693.12M | $700.99M | $3.42B | $650.74M | $597.20M | $640.46M | $550.81M | $-3.49B | $526.63M | $701.62M | $653.38M |
| High Forecast | $20.42B | $20.51B | $20.30B | $18.49B | $19.06B | $19.10B | $19.04B | $17.36B | $18.14B | $19.12B | $19.89B | $18.52B | $20.27B | $19.73B | $20.07B | $17.44B | $17.25B | $77.28B | $15.29B | $693.12M | $700.99M | $4.10B | $650.74M | $597.20M | $640.46M | $550.81M | $-2.80B | $526.63M | $701.62M | $653.38M |
| Low Forecast | $19.11B | $19.20B | $19.00B | $17.30B | $17.84B | $17.88B | $17.82B | $16.25B | $16.98B | $17.89B | $18.62B | $17.33B | $18.97B | $18.47B | $18.79B | $16.32B | $16.15B | $51.52B | $15.29B | $693.12M | $700.99M | $2.73B | $650.74M | $597.20M | $640.46M | $550.81M | $-4.19B | $526.63M | $701.62M | $653.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.21% | 1.06% | 0.25% | 1.09% | 17.25% | 21.39% | 1.93% | 17.32% | 18.52% | 21.81% | 26.19% | 0.51% | 33.89% | 15.44% | 21.70% |
1 analysts predict FMX's average Quarter EBITDA for Jun 23 to be $19.43B, with a high of $20.07B and a low of $18.79B. This is -5.23% lower than Fomento Económico Mexicano's previous annual EBITDA (Mar 23) of $20.50B.
Fomento Económico Mexicano Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | - | - | - | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.92B | $7.55B | $10.75B | $7.54B | $3.99B | $8.64B | $14.11B | $3.08B | $4.57B | $-1.25B | $3.22B | $-11.69B | $7.79B | $4.79B | $7.27B |
| Avg Forecast | $103.50B | $80.34B | $82.12B | $63.57B | $95.52B | $72.45B | $74.28B | $51.00B | $91.97B | $70.39B | $82.69B | $74.12B | $90.88B | $75.61B | $67.96B | $86.33B | $87.25B | $32.06B | $67.47B | $5.10B | $7.93B | $1.70B | $4.28B | $29.00B | $54.52B | $4.22B | $-23.02B | $11.32B | $78.45B | $7.34B |
| High Forecast | $107.95B | $83.79B | $85.65B | $66.30B | $99.62B | $75.57B | $77.47B | $53.19B | $95.92B | $73.18B | $86.24B | $88.94B | $94.78B | $78.86B | $70.88B | $103.60B | $90.99B | $38.48B | $67.47B | $6.12B | $9.51B | $2.04B | $5.13B | $29.00B | $54.52B | $5.06B | $-18.41B | $13.59B | $78.45B | $8.81B |
| Low Forecast | $99.06B | $76.89B | $78.59B | $60.84B | $91.42B | $69.34B | $71.09B | $48.81B | $88.02B | $69.00B | $79.14B | $59.30B | $86.98B | $72.36B | $65.04B | $69.07B | $83.50B | $25.65B | $67.47B | $4.08B | $6.34B | $1.36B | $3.42B | $29.00B | $54.52B | $3.37B | $-27.62B | $9.06B | $78.45B | $5.88B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.11% | 0.09% | 0.34% | 0.11% | 0.78% | 1.09% | 8.29% | 0.72% | 0.16% | -0.02% | 0.76% | 0.51% | 0.69% | 0.06% | 0.99% |
Fomento Económico Mexicano's average Quarter net income forecast for Jun 23 is $67.96B, with a range of $65.04B to $70.88B. FMX's average Quarter net income forecast represents a 585.13% increase compared to the company's last Quarter net income of $9.92B (Mar 23).
Fomento Económico Mexicano SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | - | - | - | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $54.73B | $55.01B | $47.73B | $46.58B | $42.57B | $44.38B | - | $39.75B | $36.72B | $38.01B | $36.98B | $35.43B | $36.05B | $37.40B | $36.15B |
| Avg Forecast | $58.58B | $58.85B | $58.23B | $53.04B | $54.68B | $54.80B | $54.63B | $49.81B | $52.06B | $54.85B | $57.08B | $53.13B | $58.15B | $56.61B | $57.59B | $50.04B | $49.50B | $47.22B | $45.33B | $2.01B | $2.04B | $1.94B | $1.89B | $1.74B | $1.86B | $1.60B | $1.44B | $1.53B | $2.04B | $1.90B |
| High Forecast | $60.52B | $60.80B | $60.16B | $54.80B | $56.48B | $56.61B | $56.44B | $51.45B | $53.78B | $56.66B | $58.96B | $54.88B | $60.07B | $58.48B | $59.49B | $51.69B | $51.13B | $48.78B | $45.33B | $2.01B | $2.04B | $1.94B | $1.89B | $1.74B | $1.86B | $1.60B | $1.44B | $1.53B | $2.04B | $1.90B |
| Low Forecast | $56.65B | $56.91B | $56.31B | $51.29B | $52.87B | $52.99B | $52.83B | $48.16B | $50.34B | $53.03B | $55.19B | $51.37B | $56.23B | $54.74B | $55.69B | $48.39B | $47.86B | $45.66B | $45.33B | $2.01B | $2.04B | $1.94B | $1.89B | $1.74B | $1.86B | $1.60B | $1.44B | $1.53B | $2.04B | $1.90B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.11% | 1.01% | 1.03% | 21.13% | 21.78% | - | 21.01% | 21.15% | 20.42% | 23.10% | 24.68% | 23.55% | 18.34% | 19.03% |
Fomento Económico Mexicano's average Quarter SG&A projection for Jun 23 is $57.59B, based on 1 Wall Street analysts, with a range of $55.69B to $59.49B. The forecast indicates a 5.23% rise compared to FMX last annual SG&A of $54.73B (Mar 23).
Fomento Económico Mexicano EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | - | - | - | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.77 | $2.11 | $6.01 | $2.11 | $2.23 | $2.41 | $7.89 | $1.72 | $2.55 | $-0.70 | $1.80 | $-6.54 | $4.35 | $2.68 | $4.07 |
| Avg Forecast | $28.93 | $22.45 | $22.95 | $17.77 | $26.69 | $20.25 | $20.76 | $14.25 | $25.70 | $19.67 | $23.11 | $19.15 | $25.40 | $21.13 | $18.99 | $60.45 | $24.38 | $20.00 | $18.85 | $14.33 | $22.98 | $16.95 | $13.88 | $8.10 | $15.23 | $14.35 | $-11.13 | $12.79 | $21.92 | $20.90 |
| High Forecast | $30.17 | $23.42 | $23.94 | $18.53 | $27.84 | $21.12 | $21.65 | $14.87 | $26.81 | $20.45 | $24.10 | $19.97 | $26.49 | $22.04 | $19.81 | $63.05 | $25.43 | $20.86 | $18.85 | $14.33 | $22.98 | $16.95 | $13.88 | $8.10 | $15.23 | $14.35 | $-11.13 | $12.79 | $21.92 | $20.90 |
| Low Forecast | $27.68 | $21.49 | $21.96 | $17.00 | $25.55 | $19.38 | $19.87 | $13.64 | $24.60 | $19.28 | $22.12 | $18.33 | $24.31 | $20.22 | $18.18 | $57.86 | $23.34 | $19.14 | $18.85 | $14.33 | $22.98 | $16.95 | $13.88 | $8.10 | $15.23 | $14.35 | $-11.13 | $12.79 | $21.92 | $20.90 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.05% | 0.09% | 0.30% | 0.11% | 0.16% | 0.10% | 0.47% | 0.12% | 0.31% | -0.05% | 0.13% | 0.59% | 0.34% | 0.12% | 0.19% |
According to 1 Wall Street analysts, Fomento Económico Mexicano's projected average Quarter EPS for Jun 23 is $18.99, with a low estimate of $18.18 and a high estimate of $19.81. This represents a 585.64% increase compared to FMX previous annual EPS of $2.77 (Mar 23).
Fomento Económico Mexicano Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FMX | Fomento Económico Mexicano | $104.57 | $151.50 | 44.88% | Buy |
| SAM | Boston Beer Company | $269.34 | $360.71 | 33.92% | Hold |
| TAP | Molson Coors Beverage Company | $54.94 | $61.30 | 11.58% | Hold |
| BUD | Anheuser-Busch InBev SA/NV | $64.90 | $71.33 | 9.91% | Buy |
| ABEV | Ambev | $2.31 | $2.10 | -9.09% | Buy |
FMX Forecast FAQ
Is Fomento Económico Mexicano a good buy?
Yes, according to 3 Wall Street analysts, Fomento Económico Mexicano (FMX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of FMX's total ratings.
What is FMX's price target?
Fomento Económico Mexicano (FMX) average price target is $151.5 with a range of $145 to $158, implying a 44.88% from its last price of $104.57. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Fomento Económico Mexicano stock go up soon?
According to Wall Street analysts' prediction for FMX stock, the company can go up by 44.88% (from the last price of $104.57 to the average price target of $151.5), up by 51.09% based on the highest stock price target, and up by 38.66% based on the lowest stock price target.
Can Fomento Económico Mexicano stock reach $200?
FMX's average twelve months analyst stock price target of $151.5 does not support the claim that Fomento Económico Mexicano can reach $200 in the near future.
What are Fomento Económico Mexicano's analysts' financial forecasts?
Fomento Económico Mexicano's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $730.91B (high $755.05B, low $706.76B), average EBITDA is $72.17B (high $74.55B, low $69.79B), average net income is $293.26B (high $305.85B, low $280.67B), average SG&A $213.91B (high $220.98B, low $206.85B), and average EPS is $81.96 (high $85.48, low $78.44). FMX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $781.47B (high $807.29B, low $755.66B), average EBITDA is $77.16B (high $79.71B, low $74.61B), average net income is $329.53B (high $343.68B, low $315.38B), average SG&A $228.71B (high $236.27B, low $221.16B), and average EPS is $92.09 (high $96.05, low $88.14).
Did the FMX's actual financial results beat the analysts' financial forecasts?
Based on Fomento Económico Mexicano's last annual report (Dec 2022), the company's revenue was $673.2B, beating the average analysts forecast of $492.38B by 36.72%. Apple's EBITDA was $61.92B, missing the average prediction of $97.09B by -36.23%. The company's net income was $24.76B, missing the average estimation of $191.88B by -87.10%. Apple's SG&A was $191.83B, beating the average forecast of $144.06B by 33.16%. Lastly, the company's EPS was $59.5, missing the average prediction of $77.57 by -23.29%. In terms of the last quarterly report (Mar 2023), Fomento Económico Mexicano's revenue was $180.01B, beating the average analysts' forecast of $170.97B by 5.29%. The company's EBITDA was $20.5B, beating the average prediction of $16.88B by 21.44%. Fomento Económico Mexicano's net income was $9.92B, missing the average estimation of $86.33B by -88.51%. The company's SG&A was $54.73B, beating the average forecast of $50.04B by 9.37%. Lastly, the company's EPS was $2.77, missing the average prediction of $60.45 by -95.42%