9 Stocks on Jim Cramer’s Radar

6. FMC Corporation (NYSE:FMC)

Number of Hedge Fund Holders: 41

FMC Corporation (NYSE:FMC) is an agricultural sciences company that offers crop protection, plant health, and pest management products to improve crop yield and quality, as well as for pest control in non-agricultural sectors. When a caller asked Cramer about the stock, his response was:

“… I can only rate that one a hold because I don’t like the sector it is in, crop chemicals, fungicide. No, I’m not there for that. I’m sorry.”

FMC (NYSE:FMC) has faced significant challenges recently. It has seen declining sales volumes and destocking, which have hurt its financial performance. Over the past five years, FMC’s stock has dropped by over 45%.

However, it is noteworthy that on January 14, BofA analyst Steve Byrne raised FMC’s (NYSE:FMC) rating to Neutral from Underperform, setting a price target of $61, reduced from $63. The firm acknowledges that FMC’s recovery from the expected 2024 downturn will be difficult due to company-specific challenges, weak agricultural conditions, trade war concerns, and a strong dollar.

It also expects a significant EBITDA rebound in 2025 as volumes improve and earnings benefit from cost reductions and falling raw material prices. The analyst noted that the current valuation appropriately reflects these risks.