FMC Co. (NYSE:FMC) Receives Average Rating of “Hold” from Brokerages

Shares of FMC Co. (NYSE:FMC) have been given an average recommendation of “Hold” by the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $68.00.

A number of equities research analysts have issued reports on FMC shares. KeyCorp cut their price target on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Barclays upped their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Citigroup initiated coverage on FMC in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price on the stock. Royal Bank of Canada upped their price target on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price objective on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd.

FMC Stock Up 0.7 %

NYSE FMC opened at $58.74 on Friday. FMC has a 52 week low of $50.03 and a 52 week high of $68.72. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $7.33 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 1.54 and a beta of 0.85. The stock’s 50-day moving average price is $61.74 and its 200-day moving average price is $60.82.

FMC (NYSE:FMC) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 EPS. On average, equities research analysts predict that FMC will post 3.35 earnings per share for the current year.

Insider Activity

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On FMC

Hedge funds and other institutional investors have recently modified their holdings of the business. Millburn Ridgefield Corp increased its stake in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares during the last quarter. Mather Group LLC. increased its stake in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares during the period. LRI Investments LLC bought a new stake in FMC during the 1st quarter valued at about $41,000. Finally, UMB Bank n.a. boosted its position in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after buying an additional 246 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Company Profile

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.