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Agribusiness Stocks: Analysts' Rating Updates for August 2017

PART:
1 2 3 4 5 6 7 8 9
Part 7
Agribusiness Stocks: Analysts' Rating Updates for August 2017 PART 7 OF 9

Analysts’ Consensus Price Target for FMC Moves Higher

FMC’s returns

FMC (FMC) has three reporting segments: Agricultural Solutions (MOO), Health and Nutrition, and Lithium. YTD (year-to-date), FMC stock has risen an impressive 45.0%. The key segment driving FMC stock is the Lithium segment. Its sales have risen 17.0% year-over-year in 2Q17, which was announced on August 1, 2017. With electric car manufacturers such as Tesla (TSLA), the demand for lithium is on the rise. FMC’s Lithium segment has raised investor optimism. Let’s look at analysts’ ratings and price target.

Analysts&#8217; Consensus Price Target for FMC Moves Higher

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Analyst ratings

As of August 18, 2017, the mean consensus analyst rating for FMC stock was 2.4 with a “buy” recommendation for the next 12-month period. Of the 20 analysts surveyed by Reuters, two have a “strong buy” recommendation on the stock, and nine have a “buy” recommendation over the next 12-month period. Eight analysts have a “hold” recommendation, and only one has a “sell” recommendation for the same period.

Sociedad Química y Minera de Chile (SQM) has also seen a positive momentum this year on the back of optimism for lithium demand. Increasingly, traditional car manufacturers such as Ford (F) have entered the electric car sector, raising demand for lithium.

Price target

The consensus mean price target for FMC was $86.80 as of August 18, 2017, which was much higher than last month’s mean price target of $78.80. After FMC released its 2Q17 earnings, it received several analyst price target upgrades. For example, Piper Jaffray raised its price target from $74 to $85.

Next, we’ll look at Sociedad Química y Minera de Chile (SQM).

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