As of December 28, 2016, 19 brokerage firms are actively tracking FMC (FMC) stock. About 37% of these analysts have recommended a “buy” for the stock, while 58% of the analysts have recommended a “hold.”
Analysts have a 12-month target price of ~$56.75 for FMC, implying a return potential of 0.1% based on its closing price of $56.66 as of December 28, 2016. Since September, analysts have increased the target price of FMC from $50 in September to its current target price of $56.75. The increase in target price was driven by better-than-expected 3Q16 earnings.
With FMC posting better 3Q16 earnings, it appears that analysts have adopted a wait and watch policy to see whether FMC can continue its performance in the upcoming days.
Investors can get exposure to FMC by investing in the Guggenheim S&P 500 Equal Weight Materials ETF (RTM), which invests 4.0% of its portfolio in FMC. The top holdings of the fund include CF Industries Holding (CF) and Dow Chemical (DOW), which have weights of 4.3% and 4.2%, respectively, as of December 28, 2016.
In the next part, we’ll look into FMC’s latest valuations in comparison with peers.