FMC (NYSE:FMC - Get Free Report) had its target price raised by KeyCorp from $53.00 to $61.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. KeyCorp's price objective would suggest a potential upside of 45.05% from the company's previous close.
FMC has been the topic of several other research reports. UBS Group lifted their price target on shares of FMC from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $41.00 to $50.00 in a research note on Monday, June 23rd. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Barclays raised their price target on FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $51.15.
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FMC Stock Down 0.8%
FMC stock traded down $0.33 on Monday, reaching $42.06. 1,265,322 shares of the company traded hands, compared to its average volume of 2,699,516. The firm has a fifty day simple moving average of $40.91 and a 200-day simple moving average of $42.27. The company has a market cap of $5.25 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. FMC has a one year low of $32.83 and a one year high of $68.55. 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 quarterly earnings data 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. FMC had a net margin of 7.97% and a return on equity of 9.12%. 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 EPS. The firm's revenue for the quarter was down 13.8% on a year-over-year basis. Research analysts anticipate that FMC will post 3.48 earnings per share for the current year.
Institutional Trading of FMC
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in shares of FMC in the 4th quarter worth about $1,505,000. Raymond James Financial Inc. purchased a new position in shares of FMC during the fourth quarter valued at approximately $5,573,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of FMC by 6.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,901 shares of the basic materials company's stock valued at $1,891,000 after buying an additional 2,402 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of FMC by 16.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,704 shares of the basic materials company's stock valued at $326,000 after buying an additional 946 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in shares of FMC by 122.1% during the 4th quarter. Wealthfront Advisers LLC now owns 6,795 shares of the basic materials company's stock worth $330,000 after acquiring an additional 3,735 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.
About FMC
(
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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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