Citi Sticks to Their Hold Rating for FMC (FMC)
In a report released yesterday, Patrick Cunningham from Citi maintained a Hold rating on FMC, with a price target of $14.00. The company’s shares closed yesterday at $13.78.
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Cunningham covers the Basic Materials sector, focusing on stocks such as Linde, LyondellBasell, and Ecolab. According to TipRanks, Cunningham has an average return of -1.0% and a 44.44% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for FMC with a $19.08 average price target, representing a 38.46% upside. In a report released on December 15, Wells Fargo also maintained a Hold rating on the stock with a $16.00 price target.
Based on FMC’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $489 million and a GAAP net loss of $569.3 million. In comparison, last year the company earned a revenue of $1.07 billion and had a net profit of $64.8 million
Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FMC in relation to earlier this year. Last month, John Mitchell Raines, a Director at FMC bought 7,000.00 shares for a total of $96,390.00.
