Mairs & Power Cut Xcel Energy (XEL) Holding; 6 Analysts Bullish Fomento Económico Mexicano, S.A.B. de C.V. (FMX)

January 13, 2018 - By Hazel Jackson

Among 6 analysts covering Fomento Economico Mexicano SAB (NYSE:FMX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fomento Economico Mexicano SAB had 13 analyst reports since August 18, 2015 according to SRatingsIntel. Barclays Capital maintained Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) on Wednesday, October 11 with “Overweight” rating. HSBC upgraded Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) on Wednesday, August 10 to “Buy” rating. The company was upgraded on Monday, October 2 by JP Morgan. Citigroup upgraded the stock to “Buy” rating in Friday, April 29 report. On Tuesday, November 22 the stock rating was initiated by Stifel Nicolaus with “Buy”. The rating was downgraded by Zacks on Monday, August 31 to “Buy”. As per Tuesday, August 18, the company rating was maintained by JP Morgan. The stock of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has “Overweight” rating given on Friday, October 14 by Barclays Capital. The rating was maintained by Barclays Capital with “Overweight” on Monday, March 7. The firm has “Hold” rating by Zacks given on Wednesday, August 19. See Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) latest ratings:

11/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $115 New Target: $114 Maintain
02/10/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
14/09/2017 Broker: Morgan Stanley Rating: Overweight New Target: $120 Initiates Coverage On

Mairs & Power Inc decreased Xcel Energy Inc. (XEL) stake by 11.73% reported in 2017Q3 SEC filing. Mairs & Power Inc sold 38,839 shares as Xcel Energy Inc. (XEL)’s stock rose 9.17%. The Mairs & Power Inc holds 292,284 shares with $13.83 million value, down from 331,123 last quarter. Xcel Energy Inc. now has $22.93B valuation. The stock decreased 0.81% or $0.37 during the last trading session, reaching $45.15. About 3.42M shares traded or 11.32% up from the average. Xcel Energy Inc. (NYSE:XEL) has risen 13.18% since January 13, 2017 and is uptrending. It has underperformed by 3.52% the S&P500.

The stock increased 2.04% or $1.91 during the last trading session, reaching $95.33. About 458,160 shares traded. Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has risen 4.34% since January 13, 2017 and is uptrending. It has underperformed by 12.36% the S&P500.

Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company has market cap of $22.07 billion. It produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling and still beverages, juices, isotonic sports and energy drinks, teas, water, and dairy products. It has a 14.23 P/E ratio. The firm also operates small-box retail chain stores in Mexico, Colombia, the United States, and Chile under the OXXO and Big John names; retail service stations for fuels, motor oils, lubricants, and car care products in Mexico under the OXXO GAS name; and drugstores in Chile, Colombia, and Mexico under the Cruz Verde, YZA, La Moderna, and Farmacon names.

Analysts await Xcel Energy Inc. (NASDAQ:XEL) to report earnings on February, 1. They expect $0.42 earnings per share, down 6.67% or $0.03 from last year’s $0.45 per share. XEL’s profit will be $213.27 million for 26.88 P/E if the $0.42 EPS becomes a reality. After $0.97 actual earnings per share reported by Xcel Energy Inc. for the previous quarter, Wall Street now forecasts -56.70% negative EPS growth.

Investors sentiment decreased to 1.09 in Q3 2017. Its down 0.14, from 1.23 in 2017Q2. It fall, as 28 investors sold XEL shares while 184 reduced holdings. 48 funds opened positions while 183 raised stakes. 367.12 million shares or 1.36% more from 362.20 million shares in 2017Q2 were reported. Dekabank Deutsche Girozentrale stated it has 0.06% in Xcel Energy Inc. (NASDAQ:XEL). Sun Life invested 0.02% of its portfolio in Xcel Energy Inc. (NASDAQ:XEL). Moreover, Paloma Partners Management Com has 0.03% invested in Xcel Energy Inc. (NASDAQ:XEL) for 41,243 shares. Williams Jones And Associates Ltd Com, a New York-based fund reported 4,900 shares. Invest Centers Of America reported 90,229 shares or 0.31% of all its holdings. Gsa Cap Prns Ltd Liability Partnership accumulated 10,822 shares or 0.03% of the stock. Jennison Assoc Lc invested 0.11% in Xcel Energy Inc. (NASDAQ:XEL). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.05% or 103,519 shares. Ngam Advsrs Ltd Partnership holds 180,471 shares. Evercore Wealth Mgmt Ltd Company has 3,720 shares. 155 were accumulated by Valley National Advisers. Bnp Paribas Asset Hldgs Sa stated it has 0.02% in Xcel Energy Inc. (NASDAQ:XEL). Cornerstone Mngmt Hldgs Ltd Liability Corp has invested 0.18% in Xcel Energy Inc. (NASDAQ:XEL). Westpac Corporation holds 0.03% or 32,812 shares. Willis Invest Counsel holds 55,800 shares or 0.19% of its portfolio.

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