$FMX

6 stories mentioning FMXUpdated 9d ago

Every FINWIRES story that references FMX, newest first.

What are analysts saying about FMX?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

UBSDowngradedNeutral49d ago
Price target$139

What's the latest news on FMX?

Fomento Economico Mexicano Signs Accelerated Share Repurchase Agreement

Fomento Economico Mexicano (FMX), or Femsa, said Monday it has signed an accelerated share repurchase agreement with a US financial institution to buy back up to $280 million of its American depositary shares.The final number of ADSs repurchased and delivered under the agreement will be based on the daily volume-weighted average ADS price during the agreement term, with the final settlement expected to occur before the end of 2026, the company said.Shares of the company were up 2.8% in Monday trading.Price: $120.20, Change: $+3.25, Percent Change: +2.78%

$FMX

Research49d ago

UBS Downgrades Fomento Economico Mexicano to Neutral From Buy, Price Target is $139

Fomento Economico Mexicano SAB de CV (FMX) has an average rating of overweight and mean price target of $139.84, according to analysts polled by FactSet.

$FMX

Wire131d ago

Update: Femsa's NetPay Unveils Payments System for Mexico Gasoline Stations

(Updates with the company's statement starting in the first paragraph.)Fomento Economico Mexicano's (FMX) NetPay unit introduced a digital payments system designed to modernize operations at gasoline stations across Mexico.The system includes heavy-duty payment terminals and support for alternative payment methods such as QR codes and CoDi, Mexico's central-bank digital payments system, integrating those transactions with station control and operating systems to improve security and efficiency, NetPay said Thursday in a statement.The same digital-payments model could be extended to other sectors, including restaurants, retail, and services, the company said.Price: $121.17, Change: $-1.07, Percent Change: -0.88%

$FMX

Wire146d ago

Fomento Economico Mexicano Shares Rise After Q1 Net Income, Revenue Grow

Fomento Economico Mexicano (FMX), or FEMSA, shares were up more than 1% in Thursday trading after the company reported higher Q1 net income and revenue.The company reported Q1 net income Thursday of 17.64 billion Mexican pesos ($1 billion), up from 8.94 billion pesos a year earlier.Analysts polled by FactSet expected 4.36 billion pesos.Revenue for the quarter ended March 31 was 207.78 billion pesos, up from 195.82 billion pesos a year earlier.Analysts surveyed by FactSet expected 204.95 billion pesos.Price: $112.64, Change: $+0.63, Percent Change: +0.56%

$FMX

Wire147d ago