How to Buy Mexican Economic Development Stock
Mexican Economic Development Inc
Mexican Economic Development is a brewer beverage company located in Mexico, which is part of the Consumer Defensive sector, and is traded under the ticker FMX on the NYSE exchange.
Mexican Economic Development stock last closed at $95.19, up 0.16% from the previous day, and has increased 14.89% in one year. It has overperformed other stocks in the Beverages - Brewers industry by 0.22 percentage points. Mexican Economic Development stock is currently +62.08% from its 52-week low of $58.73, and -0.82% from its 52-week high of $95.98.
As of Mar 31, 2023, there are 2.16B FMX shares outstanding. The market capitalization of FMX is $20.57B. In the past 24 hours, 354,754 FMX shares were traded.
How to Buy Mexican Economic Development Stock
Not sure how to invest in Mexican Economic Development stock? Here's how.
- Figure out where to buy Mexican Economic Development stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Mexican Economic Development stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your method of payment and add your details.
- Research Mexican Economic Development stock: The Mexican Economic Development ticker symbol is FMX. Is Mexican Economic Development stock a good investment? Should you buy shares of FMX? How do FMX's underlying business fundamentals look? Do top analysts think Mexican Economic Development is a good buy? Why has FMX's stock price moved recently? (Hint: Our stock analysis website can help you figure out if FMX is a good stock to buy).
- Execute your FMX purchase: Decide if you will purchase FMX shares at the current market price or use a limit order to buy FMX shares at a particular price.
- Track your FMX position: Create a watchlist to watch your new investment in Mexican Economic Development stock.
Step 1: Figure out where to buy Mexican Economic Development stock
You need an online brokerage account in order to access the NYSE market and buy FMX shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal info so you can invest in FMX stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.
- Enter your personal data to open a new trading account.
- Send your information by pressing the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've opened your account on one of the most highly reviewed stock apps, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring money into your new investment account.
Step 4: Research Mexican Economic Development stock
After you have chosen the best place to buy Mexican Economic Development stock, it's absolutely critical to research their stock before you buy, so you truly comprehend the risk and opportunity.
Mexican Economic Development shares at a glance
FMX Fundamentals
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on FMX's stock page.
How is FMX stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge FMX's fair value.
Using relative valuations methods:
- FMX may be overvalued based on its P/E ratio of 134.07x, relative to Beverages - Brewers industry P/E ratio of 28.62x
- FMX may be undervalued based on its P/B ratio of 1.57x, relative to Beverages - Brewers industry P/B ratio of 1.68x
- FMX could be overvalued based on its PEG ratio of 28.33x
You can access additional valuation research on FMX's stock here.
FMX Financial Health Overview
Positive Financial Indicators:
- FMX profit margin has gone up from -0.4% to 5.1% in the past year.
- There are more short-term assets than short-term liabilities on the FMX balance sheet.
- FMX's operating cash flow of $4.34B allows it to safely service it's debt of $13.43B.
Negative Financial Indicators:
- Total FMX debt is higher than 5 years ago, relative to shareholder equity.
- FMX has a relatively high debt to equity ratio of 1.53.
- There are more long-term liabilities than short-term assets on the FMX balance sheet.
- FMX earnings of $2.99B is not enough to cover its interest payments.
Is it a good time to buy FMX stock, according to analysts?
Out of 4 Wall Street analysts who give forecasts on FMX, the consensus analyst rating on Mexican Economic Development is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent FMX Analyst Ratings
Ricardo Alves, a top 48% analyst from Morgan Stanley maintains FMX with a strong buy rating and raises their FMX price target from $102.00 to $110.00, on Mar 27, 2023.
Carlos Laboy, a top 40% analyst from HSBC maintains FMX with a sell rating and raises their FMX price target from $58.00 to $77.00, on Feb 17, 2023.
Thiago Bortoluci, a top 27% analyst from Goldman Sachs maintains FMX with a strong buy rating and raises their FMX price target from $95.60 to $109.20, on Nov 16, 2022.
Benjamin Theurer, a top 31% analyst from Barclays maintains FMX with a strong buy rating and raises their FMX price target from $78.00 to $85.00, on Nov 16, 2022.
Theurer raised his price target on Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) by 9%.
After the company reported "solid and mostly outperforming" Q3 results on 2022/10/28, the analyst said he updated his model to reflect the recent Valora transaction.*
* On 20222/10/10, FEMSA announced the completion of its acquisition of all publicly held shares of Valora Holding AG. The company currently holds 97.8% of the share capital of Valora and intends to initiate a squeeze-out procedure and request the cancellation of the remaining publicly held shares. FEMSA further intends to delist the Valora shares from trading on the SIX Swiss Exchange (SIX).
You can dig deeper into what analysts are forecasting on the Mexican Economic Development stock forecast page.
Metrics for Advanced FMX Traders
How are FMX Revenues/Earnings doing?
Last year, FMX earnings were $1.42B. During the last five year, FMX's earnings have grown by 6.49% per year. This was faster than the Beverages - Brewers industry average of -1.92%.
Last year, FMX revenue was $27.81B. In the last 5 year, FMX's revenue has increased by 7.08% per year. This was faster than the Beverages - Brewers industry average of 2.05%.
Learn more about FMX's earnings and revenue performance here.
What are FMX insiders up to?
In the last year, executives and large shareholders at FMX have not bought or sold any shares.
Dig into more about who owns FMX stock here.
Does FMX provide a stable income stream?
Mexican Economic Development pays a dividend of 1.78%, compared to the Beverages - Brewers industry's average dividend yield of 3.18%. If you owned $1,000 of FMX stock, you would have been paid $17.81 last year.
Mexican Economic Development dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Mexican Economic Development dividend yield and history here.
What do other investors have to say about FMX?
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Step 5: Execute your FMX purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price, use a limit order.
Press the Open button and eToro will place the order.
If you need additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Track your FMX position
Now that you own some FMX shares, you'll want to keep up with your stock purchase.
Put FMX on a watchlist to track the latest developments regarding your FMX stock.
FMX Feed
How to Buy Stock in Mexican Economic Development
To summarize, here are the 6 steps to buy stock in Mexican Economic Development:
- Figure out where to buy Mexican Economic Development stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Mexican Economic Development stock
- Execute your FMX purchase
- Track your FMX position
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your investment in Mexican Economic Development, get started below.
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