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
€9.16
-0.070%
Currently there is a rather positive sentiment for FMC Corp. with 13 Buy predictions and 3 Sell predictions.
As a result the target price of 17 € shows a very positive potential of 85.51% compared to the current price of 9.16 € for FMC Corp..
