Expert Outlook: FMC Through The Eyes Of 11 Analysts
Portfolio Pulse from Benzinga Insights
11 analysts have recently reviewed FMC Corporation (NYSE:FMC), showing mixed sentiments with a shift towards a more cautious outlook over the last three months. The average 12-month price target for FMC has been adjusted to $63.36 from $68.11, indicating a 6.97% decrease. Analysts from firms including Loop Capital, RBC Capital, and BMO Capital have adjusted their ratings and price targets, reflecting concerns over FMC's market position, revenue decline of -29.34%, and high debt-to-equity ratio despite strong net margin and ROE.
March 01, 2024 | 7:00 pm
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FMC Corporation faces a cautious outlook from analysts, with a revised average price target indicating potential downside. Despite strong profitability indicators, concerns over revenue decline and high debt levels may impact investor sentiment.
The cautious outlook from analysts, evidenced by the lowering of the average price target and concerns over revenue and debt, suggests potential short-term downside for FMC's stock. However, strong profitability metrics like net margin and ROE could mitigate some negative impacts.
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IMPORTANCE 90
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