FMC Co. (NYSE:FMC) has received an average recommendation of "Buy" from the eighteen ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $125.50.
A number of research firms have commented on FMC. Credit Suisse Group cut their price objective on shares of FMC from $141.00 to $139.00 and set an "outperform" rating for the company in a report on Thursday, February 11th. Zacks Investment Research upgraded shares of FMC from a "sell" rating to a "hold" rating and set a $116.00 price objective for the company in a report on Tuesday, March 23rd. Citigroup cut their price target on shares of FMC from $141.00 to $138.00 in a report on Wednesday, January 20th. Royal Bank of Canada cut their price target on shares of FMC from $145.00 to $136.00 in a report on Wednesday, January 20th. Finally, KeyCorp cut their price target on shares of FMC from $137.00 to $133.00 and set an "overweight" rating for the company in a report on Thursday, February 11th.
Shares of FMC traded up $0.07 during mid-day trading on Tuesday, hitting $119.13. 16,510 shares of the company were exchanged, compared to its average volume of 896,738. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.70. FMC has a 1-year low of $85.58 and a 1-year high of $123.66. The company has a 50 day moving average of $112.95 and a 200-day moving average of $112.05.
FMC (NYSE:FMC) last released its quarterly earnings data on Monday, February 8th. The basic materials company reported $1.42 EPS for the quarter, missing the Zacks' consensus estimate of $1.44 by ($0.02). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. FMC had a net margin of 10.64% and a return on equity of 30.81%. Research analysts anticipate that FMC will post 6.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $1.92 annualized dividend and a yield of 1.61%. FMC's dividend payout ratio is presently 31.53%.
In other FMC news, EVP Michael Finian Reilly sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $101.47, for a total value of $405,880.00. Company insiders own 0.99% of the company's stock.
A number of hedge funds have recently modified their holdings of the business. D.B. Root & Company LLC raised its holdings in shares of FMC by 29.5% in the 1st quarter. D.B. Root & Company LLC now owns 5,121 shares of the basic materials company's stock valued at $566,000 after purchasing an additional 1,168 shares in the last quarter. Dean Investment Associates LLC increased its stake in FMC by 13.0% in the first quarter. Dean Investment Associates LLC now owns 13,558 shares of the basic materials company's stock valued at $1,500,000 after purchasing an additional 1,559 shares during the period. Skylands Capital LLC increased its stake in FMC by 26.2% in the first quarter. Skylands Capital LLC now owns 206,825 shares of the basic materials company's stock valued at $22,877,000 after purchasing an additional 43,000 shares during the period. Commonwealth Equity Services LLC increased its stake in FMC by 26.8% in the first quarter. Commonwealth Equity Services LLC now owns 6,435 shares of the basic materials company's stock valued at $711,000 after purchasing an additional 1,359 shares during the period. Finally, BTC Capital Management Inc. increased its stake in FMC by 8.9% in the first quarter. BTC Capital Management Inc. now owns 37,472 shares of the basic materials company's stock valued at $4,151,000 after purchasing an additional 3,066 shares during the period. 87.43% of the stock is owned by institutional investors.
FMC Company Profile
FMC Corporation, an agricultural sciences company, provides crop protection, plant health, precision agriculture, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.
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