FMC (NYSE:FMC) Given New $47.00 Price Target at Royal Bank Of Canada

FMC (NYSE:FMC - Get Free Report) had its price target lifted by research analysts at Royal Bank Of Canada from $40.00 to $47.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "sector perform" rating on the basic materials company's stock. Royal Bank Of Canada's price objective suggests a potential upside of 7.70% from the stock's previous close.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. KeyCorp raised their price objective on shares of FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Barclays lifted 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. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a research report on Friday, April 25th. Finally, UBS Group lifted their price target on FMC from $41.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $50.54.

FMC Trading Up 0.8%

NYSE:FMC opened at $43.64 on Thursday. FMC has a 12 month low of $32.83 and a 12 month high of $68.55. The company has a current ratio of 1.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm's 50 day moving average is $40.73 and its 200 day moving average is $42.47. The stock has a market capitalization of $5.45 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.31 and a beta of 0.77.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.10. The firm had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. FMC had a return on equity of 9.12% and a net margin of 7.97%. The business's revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Sell-side analysts expect that FMC will post 3.48 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its holdings in shares of FMC by 1,199.9% in the 1st quarter. AQR Capital Management LLC now owns 3,621,496 shares of the basic materials company's stock worth $151,071,000 after buying an additional 3,342,888 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in FMC by 286.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company's stock worth $189,618,000 after acquiring an additional 3,329,974 shares in the last quarter. Norges Bank bought a new position in FMC in the fourth quarter valued at $49,888,000. Invesco Ltd. increased its stake in FMC by 37.8% in the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after acquiring an additional 977,110 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in FMC by 44.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock valued at $111,131,000 after purchasing an additional 707,727 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

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.

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