8 Best Fertilizer Stocks To Buy Now

4. FMC Corporation (NYSE:FMC)

Average Upside Potential According to Analysts: 26.74%

FMC Corporation (NYSE:FMC) is a prominent American agricultural sciences company that specializes in producing a variety of products, including herbicides, insecticides, and fungicides. The company also has a strong biological portfolio featuring biopesticides, biostimulants, biofertilizers, and pheromones.

The company is committed to innovation and has introduced several new products to the fertilizer and agriculture market. For instance, the Accudo biostimulant was first registered in South Korea as a bio-fertilizer for fruits and vegetables, improving root development and providing anti-fungal benefits. Another notable product is the Furagro Legend biofertilizer, which contains organic potash and is designed to enhance gene activation and expression and overall crop quality.

In the third quarter of 2024, FMC Corporation (NYSE:FMC) reported revenues of $1.07 billion, a 9% increase from Q3 2023. The company turned around from a net loss of $4 million in Q3 2023 to a net income of $66 million in the third quarter of 2024. This growth was driven by higher sales and cost reductions from restructuring efforts. New products like the fluindapyr-based fungicide also contributed significantly to this positive performance.

Analysts also have a positive outlook on FMC. The 12-month median price target set by analysts indicates a potential increase of 26% from the stock’s current price.

With strong revenue growth and effective cost management strategies, FMC Corporation (NYSE:FMC) presents an attractive investment opportunity.