FMC (NYSE:FMC) Given New $48.00 Price Target at Barclays

FMC (NYSE:FMC) had its target price lowered by Barclays from $65.00 to $48.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Barclays‘s price target would indicate a potential upside of 39.09% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. StockNews.com upgraded FMC from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada lowered FMC from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $78.00 to $47.00 in a report on Wednesday. Mizuho dropped their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets dropped their price target on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Bank of America reiterated an “underperform” rating and set a $48.00 price target (down from $61.00) on shares of FMC in a report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.15.

FMC Trading Down 3.2 %

Shares of FMC stock traded down $1.15 on Friday, hitting $34.51. The company had a trading volume of 8,574,125 shares, compared to its average volume of 3,072,916. The firm has a market cap of $4.31 billion, a P/E ratio of 2.97, a P/E/G ratio of 1.20 and a beta of 0.84. The stock’s 50-day moving average is $52.48 and its two-hundred day moving average is $58.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC has a twelve month low of $33.80 and a twelve month high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 7.68% and a net margin of 34.93%. On average, equities research analysts anticipate that FMC will post 3.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,491 shares of company stock valued at $433,898 over the last 90 days. Insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its position in FMC by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 36,989 shares of the basic materials company’s stock valued at $2,129,000 after buying an additional 2,208 shares in the last quarter. Sanctuary Advisors LLC bought a new position in FMC during the 2nd quarter valued at approximately $1,307,000. Park Avenue Securities LLC increased its position in FMC by 13.5% during the 3rd quarter. Park Avenue Securities LLC now owns 4,731 shares of the basic materials company’s stock valued at $312,000 after buying an additional 562 shares in the last quarter. Czech National Bank increased its position in FMC by 6.9% during the 3rd quarter. Czech National Bank now owns 25,427 shares of the basic materials company’s stock valued at $1,677,000 after buying an additional 1,642 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in FMC by 120.9% during the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $61,000 after buying an additional 503 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.