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

Shares of FMC Co. (NYSE:FMC - Get Free Report) have earned an average recommendation of "Hold" from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $49.46.

Several equities research analysts have issued reports on FMC shares. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Friday, April 25th. Wall Street Zen downgraded shares of FMC from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. KeyCorp boosted their target price on FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group upped their price target on FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company reduced their price objective on FMC from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st.

Institutional Trading of FMC

A number of large investors have recently made changes to their positions in the company. Strs Ohio acquired a new position in FMC in the first quarter valued at approximately $18,986,000. WBI Investments LLC purchased a new stake in FMC during the 1st quarter valued at approximately $3,259,000. Focus Partners Wealth lifted its position in FMC by 137.7% during the 1st quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company's stock worth $904,000 after acquiring an additional 12,414 shares during the period. Bayforest Capital Ltd grew its stake in shares of FMC by 19,282.4% in the 1st quarter. Bayforest Capital Ltd now owns 20,933 shares of the basic materials company's stock valued at $883,000 after purchasing an additional 20,825 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of FMC during the first quarter worth approximately $317,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Trading Down 3.7%

Shares of NYSE FMC traded down $1.59 during trading hours on Thursday, reaching $41.71. The stock had a trading volume of 724,258 shares, compared to its average volume of 2,857,619. The business's fifty day moving average price is $39.06 and its two-hundred day moving average price is $44.19. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.90 and a beta of 0.76. FMC has a 52-week low of $32.83 and a 52-week high of $68.55. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results 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 firm 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 company's revenue was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. Analysts expect that FMC will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 5.56%. FMC's dividend payout ratio (DPR) is presently 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.