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
€14.67
5.880%
FMC Corp. is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
With a target price of 39 € there is potential for a 165.94% increase which would mean more than doubling the current price of 14.67 € for FMC Corp..
