FMC (FMC) reported its earnings on February 12. The stock was trading almost flat as of March 14. Similar to Sociedad Química y Minera de Chile S.A. (SQM) and Albemarle (ALB), FMC received attention for its lithium division (MOO). Let’s look at how analysts’ ratings have changed.
The current consensus mean rating on FMC stands at 2.18 with an overall “buy” recommendation on the stock. Out of the 22 analysts in the above chart, ~22% or four analysts have a “strong buy” recommendation on the stock for the next 12-month period. About 45% or ten analysts have a “buy” recommendation on the stock, while 36% or seven analysts have a “hold” recommendation for FMC.
FMC was upgraded by Citigroup to “buy” from “neutral” with a target price of $95.
The consensus mean target price on FMC for the next 12-month period stood at $97.7, which was slightly higher than $97.6 in February. The median target price was even higher at $100. The current mean and median price target would give ~18.2% and 21% upside over the market closing price of $82.7 on March 14.