FMC Target Slashed to $5 by Jefferies, Alpha Score 24
Jefferies analyst Laurence Alexander cut FMC's price target to $5 from $14, downgrading the stock to Hold. The company's Alpha Score of 24 points to a weak setup.
Jefferies analyst Laurence Alexander cut FMC's price target to $5.00 from $14.00 on October 15, downgrading the stock to Hold. The new target is a 64% reduction.
The downgrade took effect October 15. Concern over near-term profitability drove the move, Jefferies wrote in its note. FMC Corp is a crop-protection company selling insecticides and herbicides. Its market capitalization is about $837 million.
FMC's Alpha Score of 24 out of 100 carries a Weak label. The GF Value metric values the stock at $35.89, an 85% discount to the current $5.38 trading price. A forward P/E ratio of 3.44 offers a valuation anchor. The standard P/E ratio is not applicable because of negative earnings. The broader GF Score stands at 44 out of 100. Profitability scored 6 out of 10. Growth and momentum both scored 1 out of 10.
Guru ownership is mixed. Seven gurus hold stakes; three added to their positions while six trimmed theirs over recent quarters. Insider selling totaled $15,988 in the past three months.
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