Why FMC Plunged Over 50% in October
Shares of agricultural chemical producer FMC (NYSE: FMC) plunged 54.9% in October, according to data from S&P Global Market Intelligence.
FMC held its third-quarter earnings report on Oct. 30 that spooked investors, resulting in the bulk of the decline right at the end of the month.
Now trading at just a mid-single-digit earnings multiple, investors are asking themselves if the sell-off is a bargain opportunity. But sell-side analysts issued cautious notes even after earnings, suggesting the stock may be a value trap.
Source Fool.com
FMC Corp. Stock
€13.31
0.000%
With 16 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
Based on the current price of 13.31 € the target price of 43 € shows a potential of 223.07% for FMC Corp. which would more than double the current price.
