Wells Fargo & Company Has Lowered Expectations for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMC - Get Free Report) had its price objective decreased by research analysts at Wells Fargo & Company from $43.00 to $41.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the basic materials company's stock. Wells Fargo & Company's price target points to a potential downside of 0.45% from the stock's previous close.

FMC has been the topic of a number of other reports. KeyCorp decreased their target price on FMC from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Morgan Stanley lowered their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Citigroup lifted their target price on shares of FMC from $55.00 to $61.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. UBS Group lowered shares of FMC from a "buy" rating to a "neutral" rating and lowered their price target for the company from $66.00 to $38.00 in a research report on Friday, February 7th. Finally, BMO Capital Markets dropped their price objective on shares of FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $48.92.

FMC Price Performance

FMC stock traded up $0.40 during midday trading on Monday, reaching $41.19. The company's stock had a trading volume of 1,554,943 shares, compared to its average volume of 2,044,941. The firm has a market capitalization of $5.14 billion, a PE ratio of 15.14, a P/E/G ratio of 1.90 and a beta of 0.83. FMC has a fifty-two week low of $32.83 and a fifty-two week high of $68.72. The stock's 50 day simple moving average is $39.26 and its 200 day simple moving average is $48.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. On average, equities research analysts forecast that FMC will post 3.48 earnings per share for the current year.

Insider Activity at FMC

In other FMC news, insider Ronaldo Pereira acquired 5,600 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, 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. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in FMC by 17.3% in the 3rd quarter. Barclays PLC now owns 310,378 shares of the basic materials company's stock worth $20,465,000 after acquiring an additional 45,752 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new position in shares of FMC in the third quarter valued at $205,000. Wilmington Savings Fund Society FSB acquired a new stake in FMC during the 3rd quarter valued at $58,000. Synovus Financial Corp increased its stake in FMC by 82.9% during the 3rd quarter. Synovus Financial Corp now owns 49,892 shares of the basic materials company's stock worth $3,290,000 after buying an additional 22,612 shares during the period. Finally, Inspire Trust Co. N.A. lifted its holdings in FMC by 18.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock worth $3,970,000 after buying an additional 9,500 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

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.