Goldman Sachs Starts FMC Corp. (FMC) at Neutral on Valuation
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Price: $62.88 -0.51%
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade FMC Now!
Goldman Sachs initiates coverage on FMC Corp. (NYSE: FMC) with a Neutral rating and $62 price target citing valuation.
"FMC is a rarity in the chemicals sector – a company that has not only improved its business mix and profitability metrics, but also has been rewarded by investors with the appropriate re-rating," the analyst notes. "As a result, we see limited upside to our SOTP-based price target."
For an analyst ratings summary and ratings history on FMC Corp. click here. For more ratings news on FMC Corp. click here.
Shares of FMC Corp. closed at $57.96 yesterday, with a 52 week range of $48.35-$112.89.
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"FMC is a rarity in the chemicals sector – a company that has not only improved its business mix and profitability metrics, but also has been rewarded by investors with the appropriate re-rating," the analyst notes. "As a result, we see limited upside to our SOTP-based price target."
For an analyst ratings summary and ratings history on FMC Corp. click here. For more ratings news on FMC Corp. click here.
Shares of FMC Corp. closed at $57.96 yesterday, with a 52 week range of $48.35-$112.89.
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Year Range on FMC
ajay maheshwari on Sep 19, 2012 07:34 AMMark as Spam | Reply to this comment
52 weeks range on FMC is 31.91 to 59.41 the price off 112.89 was post split