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

FMC (NYSE:FMC - Get Free Report) had its price target boosted by equities research analysts at KeyCorp from $49.00 to $53.00 in a report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. KeyCorp's price target would suggest a potential upside of 40.17% from the stock's previous close.

A number of other research firms have also commented on FMC. Morgan Stanley lowered their price target on FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada downgraded FMC from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Redburn Atlantic cut FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. Wells Fargo & Company cut their price target on FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, Barclays dropped their price objective on shares of FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $49.46.

FMC Trading Down 1.7 %

FMC stock traded down $0.64 during trading hours on Friday, hitting $37.81. The stock had a trading volume of 2,437,687 shares, compared to its average volume of 2,061,415. The business's 50 day simple moving average is $39.49 and its 200-day simple moving average is $48.13. FMC has a one year low of $32.83 and a one year high of $68.72. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.90 and a beta of 0.80. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 8.03% and a return on equity of 9.67%. The company's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. On average, equities analysts predict that FMC will post 3.48 EPS for the current fiscal year.

Insider Transactions at FMC

In related news, insider Ronaldo Pereira acquired 5,600 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 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 cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the purchase, the director now owns 6,000 shares of the company's stock, valued at $223,980. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FMC

Hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of FMC during the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its stake in shares of FMC by 217.4% during the fourth 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. bought a new stake in shares of FMC in the 4th quarter worth approximately $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FMC in the 3rd quarter worth approximately $58,000. Finally, IFP Advisors Inc raised its stake in FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after buying an additional 379 shares during the last quarter. Hedge funds and other institutional investors 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.