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
€11.10
-1.420%
We see a rather positive sentiment for FMC Corp. with 18 Buy predictions and 1 Sell predictions.
With a target price of 43 € there is potential for a 287.39% increase which would mean more than doubling the current price of 11.1 € for FMC Corp..
