Analyst Laurence Alexander from Jefferies maintained a Buy rating on FMC (FMC – Research Report) and keeping the price target at $49.00.
Laurence Alexander has given his Buy rating due to a combination of factors that suggest potential growth and stability for FMC. Despite the cautious outlook for the first quarter, largely due to anticipated delays in purchases by US growers and retailers, the overall market conditions appear favorable with benign weather patterns and stable demand for fruits and vegetables. This stability is expected to support FMC’s performance in the near term.
Furthermore, Alexander highlights the cyclical leverage and robust R&D pipeline of FMC as key drivers for future growth. While the forecast for 2025 and 2026 is below consensus, the expectation is for a return to mid-cycle market conditions by 2027, with potential for above mid-cycle performance in subsequent years. The introduction of new products and expansion into the Brazilian market are also seen as significant growth opportunities, with new product lines expected to contribute substantially to revenue by 2030. These factors collectively underpin the Buy rating, reflecting confidence in FMC’s long-term prospects.
Alexander covers the Basic Materials sector, focusing on stocks such as Ecolab, FMC, and Sherwin-Williams Company. According to TipRanks, Alexander has an average return of -1.7% and a 45.49% success rate on recommended stocks.
In another report released on March 13, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $51.00 price target.