Analysts Set FMC Corporation (NYSE:FMC) Price Target at $50.15

Shares of FMC Corporation (NYSE:FMC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fourteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $50.23.

Several brokerages have recently issued reports on FMC. Barclays boosted their price objective on shares of FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Monday. UBS Group lifted their target price on shares of FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. KeyCorp increased their price objective on shares of FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th.

Institutional Investors Weigh In On FMC

Several institutional investors have recently made changes to their positions in the company. New South Capital Management Inc. lifted its stake in FMC by 9.7% in the first quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company's stock valued at $23,037,000 after acquiring an additional 48,431 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FMC by 608.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company's stock valued at $4,294,000 after purchasing an additional 87,368 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company's stock worth $56,602,000 after purchasing an additional 28,059 shares in the last quarter. Raymond James Financial Inc. bought a new stake in FMC in the fourth quarter worth $5,573,000. Finally, GAMMA Investing LLC increased its position in FMC by 114.8% during the first quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company's stock worth $179,000 after buying an additional 2,269 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Price Performance

FMC stock traded down $1.03 during trading hours on Monday, hitting $43.20. The stock had a trading volume of 1,265,653 shares, compared to its average volume of 2,745,111. FMC has a 1-year low of $32.83 and a 1-year high of $68.55. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.33 and a beta of 0.77. The stock's fifty day moving average is $40.63 and its two-hundred day moving average is $42.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.54 and a quick ratio of 1.12.

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 (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. FMC had a return on equity of 9.12% and a net margin of 7.97%. The firm had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same period in the previous year, the firm posted $0.36 EPS. The company's quarterly revenue was down 13.8% compared to the same quarter last year. As a group, analysts predict that FMC will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 5.37%. FMC's dividend payout ratio (DPR) is currently 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.