Morgan Stanley keeps MXN 236 target for Grupo Mexico stock

Published on 10/20/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 5.72 billion, up 4.61 percent from Q1. Grupo Mexico stock costs EUR 11.82 on October 20, 2026.

Quarterly figures and analyst view

Morgan Stanley maintained a Hold rating and set a MXN 236.00 target on October 7, 2026.
Second-quarter revenue reached USD 5.72 billion, up 4.61 percent from the first quarter.
Grupo Mexico stock trades at EUR 11.82 at 10:34 a.m. CEST at Lang & Schwarz on October 20, 2026.
Market capitalization stood at MXN 1.9 trillion as of October 19, 2026.

FEMSA, MXP370841019, Illustration mit AI erstellt.

Grupo Mexico stock is trading at EUR 11.82 at Lang & Schwarz on October 20, 2026 at 10:34 a.m. CEST, while Morgan Stanley maintained a Hold rating and set a MXN 236.00 target on October 7, 2026, according to The Globe and Mail. The analyst view gives investors a concrete reference point as the company approaches its next reported update.

Three milestones define the setup

On April 28, 2026, Grupo Mexico reported first-quarter revenue of USD 5.57 billion and net income of USD 1.71 billion, figures listed by SilverTrade. On July 21, 2026, second-quarter revenue rose to USD 5.72 billion, while net income reached USD 2.20 billion, also reported by SilverTrade.

The latest dated event was the October 7, 2026 Morgan Stanley note. It kept the Hold rating and placed the target at MXN 236.00, according to The Globe and Mail. The chronology shows an earnings base built on two consecutive quarterly reports, followed by a neutral outside assessment.

What does the revenue change mean?

Revenue increased 4.61 percent from USD 5.47 billion in the first quarter to USD 5.72 billion in the second quarter of 2026. Net income rose from USD 1.68 billion to USD 2.20 billion over the same periods, based on the reported figures listed by SilverTrade. That comparison puts the upcoming reporting date in a useful context: expectations are set against a higher second-quarter earnings base.

Next reporting date is October 20

MarketBeat lists October 20, 2026 as the estimated next earnings announcement date and gives consensus expectations of USD 0.2241 in earnings per share and USD 5.94 billion in revenue. Those estimates provide the next numerical test for the second-quarter performance.

Stock valuation remains measurable

Grupo Mexico's market capitalization stood at MXN 1.9 trillion on October 19, 2026. Its BMV quotation ranged from MXN 139.28 to MXN 248.59 over the preceding 52 weeks, with a latest primary-market price of MXN 243.87 on October 19, 2026. Grupo Mexico operates across mining, transportation and infrastructure, with copper production at the center of its business mix.

The stock was trading at EUR 11.82 at Lang & Schwarz on October 20, 2026 at 10:34 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Grupo Mexico stock.