FMC (NYSE:FMC) Stock Price Expected to Rise, KeyCorp Analyst Says

FMC (NYSE:FMC - Get Free Report) had its price target increased by KeyCorp from $49.00 to $53.00 in a report released on Friday,Benzinga reports. The firm presently has an "overweight" rating on the basic materials company's stock. KeyCorp's target price would indicate a potential upside of 51.28% from the company's previous close.

A number of other equities research analysts have also commented on the stock. Bank of America reiterated an "underperform" rating and set a $48.00 price target (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Vertical Research raised FMC to a "hold" rating in a research note on Wednesday, February 5th. BMO Capital Markets cut their target price on shares of FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. StockNews.com cut FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Wells Fargo & Company dropped their price target on FMC from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $49.46.

FMC Price Performance

Shares of FMC traded down $0.62 during trading hours on Friday, reaching $35.04. 667,584 shares of the company's stock traded hands, compared to its average volume of 2,059,020. FMC has a 12 month low of $32.83 and a 12 month high of $68.72. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.38 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. The firm's 50 day simple moving average is $39.40 and its 200-day simple moving average is $47.86.

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 the consensus estimate of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The company had revenue of $791.40 million during the quarter, compared to analyst estimates of $783.70 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm's quarterly revenue was down 13.8% compared to the same quarter last year. Equities analysts expect that FMC will post 3.48 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ronaldo Pereira bought 5,600 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the purchase, the insider now owns 48,837 shares of the company's stock, valued at approximately $1,746,899.49. The trade was a 12.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company's stock, valued at $223,980. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FMC. Golden State Wealth Management LLC bought a new stake in FMC during the fourth quarter worth approximately $29,000. Financial Harvest LLC bought a new stake in FMC during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its position in FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in FMC during the 4th quarter valued at about $37,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of FMC in the 3rd quarter worth approximately $58,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

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.