RBC Capital Reaffirms Their Hold Rating on FMC (FMC)
In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Hold rating on FMC, with a price target of $17.00.
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According to TipRanks, Viswanathan is an analyst with an average return of -1.8% and a 46.00% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and Huntsman.
In addition to RBC Capital, FMC also received a Hold from Morgan Stanley’s Vincent Andrews in a report issued yesterday. However, on December 15, Mizuho Securities maintained a Buy rating on FMC (NYSE: FMC).
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.
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