FMC (NYSE:FMC) PT Raised to $57.00

FMC (NYSE:FMC - Get Free Report) had its price objective upped by research analysts at Mizuho from $55.00 to $57.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the basic materials company's stock. Mizuho's price objective points to a potential downside of 14.65% from the company's previous close.

FMC has been the subject of several other reports. KeyCorp upped their target price on FMC from $76.00 to $79.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 9th. Loop Capital lifted their target price on FMC from $55.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, March 19th. StockNews.com cut shares of FMC from a "hold" rating to a "sell" rating in a report on Thursday, April 18th. UBS Group raised shares of FMC from a "neutral" rating to a "buy" rating and lifted their price target for the company from $61.00 to $84.00 in a report on Wednesday, March 20th. Finally, Bank of America lowered shares of FMC from a "neutral" rating to an "underperform" rating and cut their target price for the company from $60.00 to $57.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $71.88.

FMC Stock Performance

NYSE:FMC traded up $5.80 during mid-day trading on Tuesday, reaching $66.78. 6,580,673 shares of the company's stock were exchanged, compared to its average volume of 1,982,814. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The firm has a market capitalization of $8.34 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. FMC has a one year low of $49.49 and a one year high of $114.66. The business's fifty day simple moving average is $60.43 and its two-hundred day simple moving average is $57.79.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to analysts' expectations of $1.01 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. The firm's revenue for the quarter was down 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 earnings per share. Analysts anticipate that FMC will post 3.88 earnings per share for the current fiscal year.

Insider Transactions at FMC

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of the company's stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the purchase, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On FMC

Several hedge funds and other institutional investors have recently bought and sold shares of FMC. Commonwealth Equity Services LLC raised its stake in FMC by 18.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 20,583 shares of the basic materials company's stock worth $1,378,000 after buying an additional 3,154 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in FMC by 57.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,205 shares of the basic materials company's stock valued at $1,420,000 after purchasing an additional 7,769 shares during the period. Brown Advisory Inc. raised its holdings in FMC by 9.9% during the third quarter. Brown Advisory Inc. now owns 3,562 shares of the basic materials company's stock worth $239,000 after buying an additional 322 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of FMC by 25.2% in the third quarter. Forsta AP Fonden now owns 34,300 shares of the basic materials company's stock valued at $2,297,000 after buying an additional 6,900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of FMC by 77.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 215,082 shares of the basic materials company's stock valued at $14,404,000 after buying an additional 93,603 shares during the last quarter. 91.86% of the stock is 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.