Analysts See $0.83 EPS for Fomento Economico Mexicano SAB (ADR) (FMX); West Florida Natural Gas Co (MRVL) Sentiment Is 1.27

June 26, 2017 - By Adrian Mccoy

Marvell Technology Group Ltd. is a semiconductor well-known provider of application-specific standard products. The company has market cap of $8.93 billion. The Firm is engaged in the design, development and sale of integrated circuits. It has a 59.21 P/E ratio. The Firm develops System-on-a-Chip devices.

Analysts expect Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) to report $0.83 EPS on July, 26.They anticipate $0.09 EPS change or 12.16% from last quarter’s $0.74 EPS. FMX’s profit would be $280.29M giving it 29.22 P/E if the $0.83 EPS is correct. After having $0.49 EPS previously, Fomento Economico Mexicano SAB (ADR)’s analysts see 69.39% EPS growth. It closed at $97.01 lastly. It is down 4.34% since June 26, 2016 and is uptrending. It has underperformed by 12.36% the S&P500.

Among 5 analysts covering Fomento Economico Mexicano SAB (NYSE:FMX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Fomento Economico Mexicano SAB had 10 analyst reports since August 18, 2015 according to SRatingsIntel. Stifel Nicolaus initiated Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) on Tuesday, November 22 with “Buy” rating. Barclays Capital maintained Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) rating on Monday, March 7. Barclays Capital has “Overweight” rating and $109 target. The firm earned “Neutral” rating on Friday, January 20 by JP Morgan. The rating was upgraded by Zacks to “Hold” on Wednesday, August 19. JP Morgan maintained the stock with “Overweight” rating in Tuesday, August 18 report. The rating was upgraded by Citigroup on Friday, April 29 to “Buy”. The stock has “Buy” rating by HSBC on Wednesday, August 10. On Friday, October 14 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) has “Buy” rating given on Monday, August 31 by Zacks.

Fomento Economico Mexicano, S.A.B. de C.V. is a holding company. The company has market cap of $32.76 billion. The Company’s divisions are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. It has a 29.13 P/E ratio. The Firm conducts its activities through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V.

Starboard Value Lp holds 13.79% of its portfolio in Marvell Technology Group Ltd. for 33.72 million shares. Contour Asset Management Llc owns 9.72 million shares or 9.56% of their US portfolio. Moreover, Shannon River Fund Management Llc has 8.64% invested in the company for 2.00 million shares. The New York-based 13D Management Llc has invested 6.75% in the stock. Jericho Capital Asset Management L.P., a New York-based fund reported 7.44 million shares.