Fomento Económico Mexicano (FMX) Stock Forecast, Price Target & Predictions

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FMX Stock Forecast

Fomento Económico Mexicano stock forecast is as follows: an average price target of $141.50 (represents a 62.08% upside from FMX’s last price of $87.30) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.

FMX Price Target

The average price target for Fomento Económico Mexicano (FMX) is $141.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $145.00 to $138.00. This represents a potential 62.08% upside from FMX's last price of $87.30.

FMX Analyst Ratings

Buy

According to 4 Wall Street analysts, Fomento Económico Mexicano's rating consensus is 'Buy'. The analyst rating breakdown for FMX stock is 0 'Strong Buy' (0.00%), 4 '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
Oct 28, 2024	Ricardo Alves	Morgan Stanley	$138.00	$98.18	40.56%	58.08%
Jul 15, 2024	Benjamin Theurer	Barclays	$145.00	$117.50	23.40%	66.09%
Feb 09, 2024	Carlos Laboy	HSBC	$158.00	$141.64	11.55%	80.99%

The latest Fomento Económico Mexicano stock forecast, released on Oct 28, 2024 by Ricardo Alves from Morgan Stanley, set a price target of $138.00, which represents a 40.56% increase from the stock price at the time of the forecast ($98.18), and a 58.08% increase from FMX last price ($87.30).

Fomento Económico Mexicano Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	3
Avg Price Target	-	$138.00	$147.00
Last Closing Price	$87.30	$87.30	$87.30
Upside/Downside	-100.00%	58.08%	68.38%

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 $87.30. 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
Oct 28, 2024	Morgan Stanley	Overweight	Overweight	Hold
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 Morgan Stanley on Oct 28, 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	$192.46B	$193.36B	$191.32B	$174.27B	$179.63B	$178.47B	$175.52B	$160.00B	$170.43B	$201.92B	$195.02B	$181.52B	$198.70B	$193.43B	$196.77B	$170.97B	$169.12B	$161.34B	$154.89B	$139.62B	$145.90B	$138.44B	$130.99B	$123.35B	$129.30B	$121.91B	$112.98B	$126.49B	$134.70B	$130.05B
High Forecast	$194.55B	$195.45B	$193.39B	$176.15B	$181.58B	$180.40B	$177.42B	$161.30B	$172.72B	$204.11B	$197.13B	$183.49B	$200.85B	$195.53B	$198.90B	$172.83B	$170.95B	$161.34B	$154.89B	$139.62B	$145.90B	$138.44B	$130.99B	$123.35B	$129.30B	$121.91B	$112.98B	$126.49B	$134.70B	$130.05B
Low Forecast	$189.93B	$190.82B	$188.80B	$171.98B	$177.27B	$176.12B	$173.21B	$158.70B	$167.38B	$199.27B	$192.45B	$179.14B	$196.08B	$190.89B	$194.19B	$168.73B	$166.90B	$161.34B	$154.89B	$139.62B	$145.90B	$138.44B	$130.99B	$123.35B	$129.30B	$121.91B	$112.98B	$126.49B	$134.70B	$130.05B
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.10%	1.06%	1.08%	1.06%	1.04%	0.35%	1.05%	1.01%	1.00%	1.04%	1.01%	0.97%	0.98%	1.00%

Fomento Económico Mexicano's average Quarter revenue forecast for Jun 23 based on 1 analysts is $196.77B, with a low forecast of $194.19B, and a high forecast of $198.90B. 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	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
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	$24.38B	$24.50B	$24.24B	$22.08B	$22.76B	$22.61B	$22.24B	$20.27B	$21.59B	$25.58B	$24.71B	$23.00B	$25.17B	$24.51B	$24.93B	$21.66B	$21.43B	$15.93B	$15.29B	$13.79B	$14.41B	$13.67B	$12.93B	$12.18B	$12.77B	$12.04B	$11.16B	$12.49B	$13.30B	$12.84B
High Forecast	$24.65B	$24.76B	$24.50B	$22.32B	$23.00B	$22.85B	$22.48B	$20.43B	$21.88B	$25.86B	$24.97B	$23.25B	$25.44B	$24.77B	$25.20B	$21.89B	$21.66B	$15.93B	$15.29B	$13.79B	$14.41B	$13.67B	$12.93B	$12.18B	$12.77B	$12.04B	$11.16B	$12.49B	$13.30B	$12.84B
Low Forecast	$24.06B	$24.17B	$23.92B	$21.79B	$22.46B	$22.31B	$21.94B	$20.11B	$21.20B	$25.24B	$24.38B	$22.69B	$24.84B	$24.18B	$24.60B	$21.38B	$21.14B	$15.93B	$15.29B	$13.79B	$14.41B	$13.67B	$12.93B	$12.18B	$12.77B	$12.04B	$11.16B	$12.49B	$13.30B	$12.84B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.95%	0.83%	0.99%	1.09%	0.87%	1.04%	0.48%	0.87%	0.91%	1.09%	1.20%	-0.16%	1.43%	0.81%	1.10%

1 analysts predict FMX's average Quarter EBITDA for Jun 23 to be $24.93B, with a high of $25.20B and a low of $24.60B. This is 21.60% upper 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	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
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	$99.52B	$77.25B	$78.96B	$61.12B	$98.84B	$56.08B	$68.70B	$52.09B	$95.66B	$86.51B	$82.69B	$74.12B	$90.88B	$75.61B	$67.96B	$86.33B	$145.34B	$71.55B	$67.47B	$101.35B	$82.24B	$60.66B	$84.91B	$28.99B	$54.51B	$51.35B	$-39.83B	$275.42B	$76.77B	$74.61B
High Forecast	$100.92B	$78.33B	$80.07B	$61.98B	$100.24B	$56.87B	$69.66B	$58.08B	$116.57B	$87.73B	$83.04B	$88.94B	$92.16B	$77.26B	$68.91B	$103.60B	$174.41B	$71.55B	$67.47B	$121.62B	$82.24B	$60.66B	$101.90B	$28.99B	$54.51B	$51.35B	$-39.83B	$330.50B	$76.77B	$74.61B
Low Forecast	$97.82B	$75.93B	$77.61B	$60.08B	$97.16B	$55.12B	$67.52B	$41.91B	$69.69B	$85.04B	$82.34B	$59.30B	$89.33B	$73.96B	$66.80B	$69.07B	$116.27B	$71.55B	$67.47B	$81.08B	$82.24B	$60.66B	$67.93B	$28.99B	$54.51B	$51.35B	$-39.83B	$220.34B	$76.77B	$74.61B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11%	0.05%	0.15%	0.11%	0.04%	0.11%	0.23%	0.04%	0.16%	-0.02%	0.06%	0.29%	0.03%	0.06%	0.10%

Fomento Económico Mexicano's average Quarter net income forecast for Jun 23 is $67.96B, with a range of $66.80B to $68.91B. 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	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
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	$56.33B	$56.59B	$55.99B	$51.00B	$52.57B	$52.23B	$51.37B	$46.83B	$49.88B	$59.10B	$57.08B	$53.13B	$58.15B	$56.61B	$57.59B	$50.04B	$49.50B	$47.22B	$45.33B	$40.86B	$42.70B	$40.52B	$38.34B	$36.10B	$37.84B	$35.68B	$33.07B	$37.02B	$39.42B	$38.06B
High Forecast	$56.94B	$57.20B	$56.60B	$51.55B	$53.14B	$52.80B	$51.92B	$47.21B	$50.55B	$59.74B	$57.69B	$53.70B	$58.78B	$57.22B	$58.21B	$50.58B	$50.03B	$47.22B	$45.33B	$40.86B	$42.70B	$40.52B	$38.34B	$36.10B	$37.84B	$35.68B	$33.07B	$37.02B	$39.42B	$38.06B
Low Forecast	$55.59B	$55.85B	$55.26B	$50.33B	$51.88B	$51.55B	$50.69B	$46.45B	$48.99B	$58.32B	$56.33B	$52.43B	$57.39B	$55.87B	$56.83B	$49.38B	$48.85B	$47.22B	$45.33B	$40.86B	$42.70B	$40.52B	$38.34B	$36.10B	$37.84B	$35.68B	$33.07B	$37.02B	$39.42B	$38.06B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.09%	1.11%	1.01%	1.03%	1.04%	1.04%	-	1.04%	1.02%	1.00%	1.04%	1.07%	0.97%	0.95%	0.95%

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 $56.83B to $58.21B. 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	1	1	2	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	5	4	5	4	4	3
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	$27.81	$21.59	$22.07	$17.08	$27.62	$15.67	$19.20	$14.56	$26.73	$24.18	$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	$12.45	$21.45	$20.85
High Forecast	$28.20	$21.89	$22.38	$17.32	$28.01	$15.89	$19.47	$16.23	$32.58	$24.52	$23.21	$19.42	$25.76	$21.59	$19.26	$61.30	$24.73	$20.00	$18.85	$14.33	$22.98	$16.95	$13.88	$8.10	$15.23	$14.35	$-11.13	$12.45	$21.45	$20.85
Low Forecast	$27.34	$21.22	$21.69	$16.79	$27.15	$15.41	$18.87	$11.71	$19.47	$23.76	$23.01	$18.82	$24.96	$20.67	$18.67	$59.42	$23.97	$20.00	$18.85	$14.33	$22.98	$16.95	$13.88	$8.10	$15.23	$14.35	$-11.13	$12.45	$21.45	$20.85
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%	0.35%	0.12%	0.20%

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 $18.67 and a high estimate of $19.26. 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	$88.43	$141.50	60.01%	Buy
BUD	Anheuser-Busch InBev SA/NV	$51.77	$73.00	41.01%	Buy
SAM	Boston Beer Company	$307.80	$344.00	11.76%	Hold
TAP	Molson Coors Beverage Company	$59.25	$60.25	1.69%	Hold
ABEV	Ambev	$2.12	$2.10	-0.94%	Buy

FMX Forecast FAQ

Is Fomento Económico Mexicano a good buy?

Yes, according to 4 Wall Street analysts, Fomento Económico Mexicano (FMX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 '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 $141.5 with a range of $138 to $145, implying a 62.08% from its last price of $87.3. The data is based on 4 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 62.08% (from the last price of $87.3 to the average price target of $141.5), up by 66.09% based on the highest stock price target, and up by 58.08% based on the lowest stock price target.

Can Fomento Económico Mexicano stock reach $130?

FMX's average twelve months analyst stock price target of $141.5 supports the claim that Fomento Económico Mexicano can reach $130 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 $693.62B (high $700.7B, low $685.31B), average EBITDA is $87.87B (high $88.77B, low $86.82B), average net income is $275.72B (high $284.85B, low $261.72B), average SG&A $203B (high $205.07B, low $200.57B), and average EPS is $77.05 (high $79.61, low $73.14). FMX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $751.41B (high $759.54B, low $741.53B), average EBITDA is $95.19B (high $96.22B, low $93.94B), average net income is $316.85B (high $321.31B, low $311.44B), average SG&A $219.91B (high $222.29B, low $217.02B), and average EPS is $88.55 (high $89.8, low $87.04).

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 $624.97B by 7.72%. Apple's EBITDA was $61.92B, missing the average prediction of $66.44B by -6.81%. The company's net income was $24.76B, missing the average estimation of $385.71B by -93.58%. Apple's SG&A was $191.83B, beating the average forecast of $182.91B by 4.88%. 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, missing the average prediction of $21.66B by -5.35%. 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%