FMC Corporation (NYSE:FMC) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a “Hold” consensus on FMC: Of 14 analysts, three recommend selling, eight advise holding and three recommend buying. The average 12-month price target is $14.25, above the stock’s reported $10.42 price.
• FMC’s quarterly results were mixed: Adjusted earnings of $0.26 per share exceeded the $0.22 consensus estimate, but revenue of $841.4 million fell short of estimates and declined 17.5% year over year.
• Shares remain under pressure despite institutional interest: FMC traded near its 12-month low, with a market capitalization of about $1.3 billion, while hedge funds and other institutions owned 91.86% of the stock. The company also announced a quarterly dividend of $0.08 per share, yielding approximately 3.1%.

FMC Corporation (NYSE:FMC - Get Free Report) has been assigned an average recommendation of "Hold" from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.25.

FMC has been the subject of several analyst reports. Vertical Research lowered shares of FMC from a "hold" rating to a "sell" rating and set a $14.00 price target for the company. in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings reiterated a "sell (d-)" rating on shares of FMC in a research note on Friday, May 29th. The Goldman Sachs Group reissued a "buy" rating and set a $18.00 target price on shares of FMC in a research report on Friday, July 31st. Finally, Royal Bank Of Canada lowered their target price on shares of FMC from $12.00 to $11.00 and set a "sector perform" rating for the company in a research note on Monday, August 3rd.

Institutional Investors Weigh In On FMC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FMC. Bank of New York Mellon Corp acquired a new stake in FMC in the second quarter worth about $8,498,000. SG Americas Securities LLC increased its holdings in shares of FMC by 6.7% during the first quarter. SG Americas Securities LLC now owns 213,656 shares of the basic materials company's stock valued at $3,679,000 after acquiring an additional 13,330 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of FMC in the 1st quarter valued at approximately $1,401,000. Icon Wealth Advisors LLC boosted its stake in FMC by 217.2% in the 4th quarter. Icon Wealth Advisors LLC now owns 63,647 shares of the basic materials company's stock worth $883,000 after purchasing an additional 43,582 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in FMC by 67.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 58,000 shares of the basic materials company's stock worth $667,000 after purchasing an additional 23,300 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Down 1.6%

Shares of NYSE FMC opened at $10.42 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $1.30 billion, a PE ratio of -0.47 and a beta of 0.38. The stock's fifty day simple moving average is $11.26 and its two-hundred day simple moving average is $13.69. FMC has a 12-month low of $9.94 and a 12-month high of $40.84.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $841.40 million during the quarter, compared to analyst estimates of $895.14 million. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The business's revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. As a group, analysts expect that FMC will post 1.26 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, September 30th. FMC's payout ratio is -1.45%.

FMC Company Profile

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.

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