FMC Corporation (NYSE:FMC) Receives $50.15 Consensus PT from Analysts

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

FMC has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on shares of FMC in a report on Thursday, March 13th. They issued a "buy" rating and a $51.00 price objective on the stock. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $41.00 to $50.00 in a report on Monday, June 23rd. Barclays increased their price objective on shares of FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Monday. Finally, KeyCorp increased their price objective on shares of FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, May 2nd.

FMC Price Performance

Shares of FMC stock traded down $1.03 during trading hours on Monday, reaching $43.20. 1,266,070 shares of the company were exchanged, compared to its average volume of 2,025,732. FMC has a fifty-two week low of $32.83 and a fifty-two week high of $68.55. The stock's fifty day moving average is $40.67 and its two-hundred day moving average is $42.46. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.33 and a beta of 0.77. 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 announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.10. FMC had a net margin of 7.97% and a return on equity of 9.12%. The company had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. During the same period in the prior year, the business earned $0.36 earnings per share. FMC's quarterly revenue was down 13.8% on a year-over-year basis. Sell-side analysts forecast that FMC will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

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 issued a $0.58 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 5.37%. FMC's dividend payout ratio (DPR) is presently 88.55%.

Institutional Investors Weigh In On FMC

Several large investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its position in shares of FMC by 0.8% during the fourth quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company's stock worth $1,761,000 after acquiring an additional 285 shares in the last quarter. Janus Henderson Group PLC grew its position in FMC by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock valued at $2,905,000 after purchasing an additional 286 shares in the last quarter. Algert Global LLC grew its position in FMC by 0.5% in the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company's stock valued at $2,871,000 after purchasing an additional 300 shares in the last quarter. Treasurer of the State of North Carolina grew its position in FMC by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 54,754 shares of the basic materials company's stock valued at $2,662,000 after purchasing an additional 350 shares in the last quarter. Finally, Oak Thistle LLC grew its position in FMC by 5.5% in the first quarter. Oak Thistle LLC now owns 7,653 shares of the basic materials company's stock valued at $323,000 after purchasing an additional 398 shares in the last quarter. Institutional investors own 91.86% of the company's stock.

About FMC

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.