FMC (NYSE:FMC - Get Free Report) had its price target hoisted by stock analysts at KeyCorp from $79.00 to $81.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. KeyCorp's price objective suggests a potential upside of 24.94% from the company's previous close.
Several other equities research analysts also recently commented on the stock. BNP Paribas downgraded shares of FMC from an "outperform" rating to a "neutral" rating and set a $56.00 target price for the company. in a research report on Wednesday, February 7th. Wolfe Research assumed coverage on shares of FMC in a research report on Friday, March 1st. They issued a "peer perform" rating for the company. Wells Fargo & Company upped their price objective on shares of FMC from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Mizuho upped their price objective on shares of FMC from $55.00 to $57.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Bank of America downgraded shares of FMC from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $60.00 to $57.00 in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $71.69.
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FMC Trading Down 2.9 %
Shares of NYSE:FMC traded down $1.92 during mid-day trading on Wednesday, reaching $64.83. 2,705,738 shares of the company's stock were exchanged, compared to its average volume of 1,990,886. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 1.99 and a beta of 0.88. The business's fifty day moving average price is $60.71 and its 200-day moving average price is $57.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. FMC has a twelve month low of $49.49 and a twelve month high of $112.10.
FMC (NYSE:FMC - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $1.01 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. FMC's revenue for the quarter was down 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 earnings per share. On average, research analysts predict that FMC will post 3.88 EPS for the current fiscal year.
Insider Buying and Selling at FMC
In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of the company's stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the transaction, the chief financial officer now directly owns 50,088 shares of the company's stock, valued at $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company's stock.
Hedge Funds Weigh In On FMC
A number of large investors have recently bought and sold shares of the business. US Bancorp DE grew its holdings in shares of FMC by 8.7% during the first quarter. US Bancorp DE now owns 13,410 shares of the basic materials company's stock valued at $854,000 after buying an additional 1,072 shares during the last quarter. Addison Capital Co boosted its stake in shares of FMC by 4.0% during the 1st quarter. Addison Capital Co now owns 25,804 shares of the basic materials company's stock worth $1,644,000 after acquiring an additional 990 shares in the last quarter. Isthmus Partners LLC raised its position in shares of FMC by 7.4% during the 1st quarter. Isthmus Partners LLC now owns 124,542 shares of the basic materials company's stock worth $7,933,000 after purchasing an additional 8,531 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of FMC by 11.6% during the 1st quarter. Russell Investments Group Ltd. now owns 903,274 shares of the basic materials company's stock worth $57,538,000 after purchasing an additional 93,892 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of FMC during the 1st quarter worth about $71,000. 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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