FMC Corporation's (NYSE: FMC) stock looks promising at the moment. It benefits from efforts to expand its product portfolio through new product launches and its restructuring actions.
Let's see what makes FMC stock a compelling investment option at the moment.
FMC Stock Outperforms Industry
FMC has outperformed the industry it belongs to over the past three months. The company's shares have gained 13.8% compared with a 7.7% rise of its industry.
Image Source: Zacks Investment Research
FMC's Valuation Looks Attractive
FMC's attractive valuation should lure investors seeking value. The stock is currently trading at a forward 12-month earnings multiple of 14.52X, representing a roughly 12.4% discount when stacked up with the industry average of 16.58X. FMC also has a Value Score of B.
FMC's Earnings Estimates Going Up
Earnings estimates for FMC have been going up over the past 60 days. The Zacks Consensus Estimate for 2024 has increased by 0.6%. The consensus estimate for 2025 has also been revised 3.5% upward over the same time frame.
New Products, Restructuring Actions Aid FMC Stock
FMC remains focused on strengthening its product portfolio. It is investing in technologies as well ...
