In a report issued on May 7, Christopher Muir from CFRA maintained a Buy rating on FMC Corp (FMC), with a price target of $93. The company’s shares opened today at $78.21, close to its 52-week high of $81.80.
Muir commented:
“The 12-month target price has recently been changed to $93 from $97.The Highlights section of this Stock Report will be updated accordingly. The Investment Rationale/Risk section of this Stock Report will be updated shortly. For the latest News story on FMC from MarketScope, see aside. 08:50 am ET .”
Muir has an average return of 4.1% when recommending FMC Corp.
According to TipRanks.com, Muir is ranked #2512 out of 5185 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for FMC Corp with a $94.09 average price target.
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Based on FMC Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $216 million. In comparison, last year the company had a net profit of $253 million.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Pierre Brondeau, the CEO and Chariman of Bd of FMC sold 94,424 shares for a total of $7,963,626.
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FMC Corp. engages in the provision of solutions, applications, and products for the agricultural, industrial, and consumer markets. It operates through two segments: FMC Agricultural Solutions and FMC Lithium.
