KeyBanc has revised its price target for FMC Corporation (FMC, Financial), lowering it from $51 to $49 while maintaining an Overweight rating on the stock. The adjustment comes amidst concerns about the impact of tariffs on demand, which the firm believes will significantly influence chemical companies during the first quarter earnings season.
KeyBanc highlights that updates on the effects of tariffs observed in April and May could be critical for the sector. Although first-quarter results and the 2025 guidance are considered slightly less significant at this point, the firm anticipates discussions will pivot to companies' exposure to U.S. imports from countries with high tariffs.
In addition to tariff impacts, KeyBanc expects dialogues around potential pricing strategies that chemical firms might adopt to counter increased costs. The firm also notes that many companies are likely to encounter early signs of a decrease in demand, with March data pointing to weak trends that may have only slightly improved in April.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for FMC Corp (FMC, Financial) is $47.06 with a high estimate of $55.00 and a low estimate of $38.00. The average target implies an upside of 26.85% from the current price of $37.10. More detailed estimate data can be found on the FMC Corp (FMC) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, FMC Corp's (FMC, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FMC Corp (FMC, Financial) in one year is $69.13, suggesting a upside of 86.33% from the current price of $37.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FMC Corp (FMC) Summary page.
