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
€11.38
-5.360%
With 15 Buy predictions and not the single Sell prediction the community is currently very high on FMC Corp..
Based on the current price of 11.38 € the target price of 39 € shows a potential of 242.86% for FMC Corp. which would more than double the current price.
