7 Sep

A Look at FMC’s Recommendations and Price Targets

WRITTEN BY Adam Jones FEATURED IN Wall Street Ratings


FMC (FMC) has struggled so far this year, underperforming the S&P 500 Index and the VanEck Vectors Agribusiness ETF (MOO). The company gained attention on September 5 following Albemarle’s (ALB) statement of its intention to purchase the company. The company’s lithium business is of interest to Albemarle.

Let’s look at analysts’ recommendations and price targets for FMC.

A Look at FMC’s Recommendations and Price Targets

Analysts’ recommendations

The overall consensus recommendation on FMC in September is a “buy.” Of the 16 analysts covering the stock, three have given it “strong buy” recommendations compared to four in August. Over the same period, the number of analysts recommending “buys” has fallen to nine from 11 a month ago. The number of analysts recommending “holds” on the stock has remained unchanged at four, and no analysts have “sell” recommendations on the stock.

Price targets

The consensus mean price target for FMC as of September 6 is $103 per share, almost 24% higher than the stock’s closing price of $82.9 on September 6. At $100, its median price target is also higher than its current price level, indicating an upside in excess of 20%. Both FMC’s mean and median price targets are lower than August’s $104.7 and $104, respectively.

To get more updates on FMC, CF Industries (CF), Nutrien (NTR), and the Mosaic Company (MOS), visit Market Realist’s Fertilizers page.

Latest articles

23 Apr

Why Fiat Chrysler Stock Tanked 5% on Tuesday

WRITTEN BY John Parker

In April so far, Italian-American auto giant Fiat Chrysler Automobiles (FCAU) has outperformed the broader market by a wide margin after underperforming in the first quarter.

Royal Dutch Shell (RDS.A) is slated to release its Q1 2019 results on May 2. Before we review the Q1 2019 estimates, let’s recap Shell’s Q4 2018 performance compared to forecasts.

United Parcel Service (UPS) is scheduled to report its first-quarter earnings results on April 25.

Cleveland-Cliffs (CLF) is expected to report its first-quarter earnings results on April 25.

While the overall cannabis sector experienced weakness on April 23, some stocks managed to gain some positive momentum in the first half of the day.

After being listed on the NASDAQ (QQQ) on March 29, Lyft (LYFT) stock has traded on a negative note so far.