After CFRA and Loop Capital Markets gave FMC Corp (NYSE: FMC) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Don Carson reiterated a Buy rating on FMC Corp yesterday and set a price target of $112. The company’s shares opened today at $84.52.
According to TipRanks.com, Carson is a 4-star analyst with an average return of 11.5% and a 63.2% success rate. Carson covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Westlake Chemical Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for FMC Corp with a $108.67 average price target, which is a 28.6% upside from current levels. In a report issued on August 2, Loop Capital Markets also maintained a Buy rating on the stock with a $119 price target.
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FMC Corp’s market cap is currently $11.28B and has a P/E ratio of 11.56. The company has a Price to Book ratio of 3.77.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Nicholas Pfeiffer, the Corp. Contr of FMC sold 375 shares for a total of $33,431.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
