Brokerages Set FMC Co. (NYSE:FMC) PT at $49.46

FMC Co. (NYSE:FMC - Get Free Report) has been given an average rating of "Hold" by the fourteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $49.46.

A number of equities analysts have commented on the company. Royal Bank of Canada lowered FMC from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Citigroup increased their target price on FMC from $55.00 to $61.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. StockNews.com cut FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Redburn Atlantic cut shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a research report on Friday, February 14th. Finally, BMO Capital Markets decreased their target price on shares of FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th.

Insider Transactions at FMC

In other FMC news, insider Ronaldo Pereira bought 5,600 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the transaction, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. This represents a 12.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol Anthony Davidson purchased 6,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $223,980. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On FMC

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in shares of FMC in the 4th quarter valued at about $29,000. Financial Harvest LLC bought a new position in FMC in the first quarter worth approximately $29,000. Elequin Capital LP acquired a new stake in FMC in the first quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 511 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of FMC during the fourth quarter valued at approximately $37,000. 91.86% of the stock is owned by institutional investors.

FMC Stock Performance

Shares of FMC traded down $1.30 during midday trading on Friday, reaching $39.29. 1,562,665 shares of the stock were exchanged, compared to its average volume of 2,056,748. The stock's 50 day simple moving average is $39.17 and its 200 day simple moving average is $46.16. The company has a market cap of $4.91 billion, a P/E ratio of 14.44, a PEG ratio of 1.90 and a beta of 0.80. FMC has a twelve month low of $32.83 and a twelve month high of $68.55. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business's revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. On average, sell-side analysts expect that FMC will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend is Monday, June 30th. FMC's payout ratio is 88.55%.

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.