RBC Capital analyst Arun Viswanathan maintained a Buy rating on FMC (FMC) on May 8 and set a price target of $116.00. The company’s shares closed last Friday at $93.48.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 4.2% and a 54.2% success rate. Viswanathan covers the Industrial Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and GrafTech International.
Currently, the analyst consensus on FMC is a Strong Buy with an average price target of $105.33, implying a 10.4% upside from current levels. In a report issued on May 7, KeyBanc also maintained a Buy rating on the stock with a $108.00 price target.
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Based on FMC’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.25 billion and net profit of $206 million. In comparison, last year the company earned revenue of $1.19 billion and had a net profit of $216 million.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FMC in relation to earlier this year. Most recently, in February 2020, Pierre Brondeau, the CEO and Chariman of Bd of FMC sold 82,534 shares for a total of $8,651,666.
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 the following segment: FMC Agricultural Solutions. The FMC Agricultural Solutions segment develops, markets and sells all three major classes of crop protection chemicals: insecticides, herbicides and fungicides, which are used to enhance crop yield and quality. The company was founded by John Bean in 1883 and is headquartered in Philadelphia, PA.
