FMC (NYSE:FMC - Free Report) had its target price trimmed by UBS Group from $45.00 to $44.00 in a research note released on Thursday,Benzinga reports. The firm currently has a neutral rating on the basic materials company's stock.
FMC has been the topic of several other reports. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $41.00 to $50.00 in a research note on Monday, June 23rd. Royal Bank Of Canada raised their price objective on FMC from $40.00 to $47.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 10th. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research note on Friday, April 25th. Finally, KeyCorp increased their target price on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $50.38.
Get Our Latest Analysis on FMC
FMC Stock Down 2.6%
NYSE FMC traded down $1.01 on Thursday, reaching $38.03. The company had a trading volume of 2,269,338 shares, compared to its average volume of 1,621,922. The firm has a market capitalization of $4.75 billion, a PE ratio of 47.54, a P/E/G ratio of 1.24 and a beta of 0.75. FMC has a 1 year low of $32.83 and a 1 year high of $67.75. The firm has a 50-day moving average of $42.09 and a 200-day moving average of $41.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.12.
FMC (NYSE:FMC - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. On average, equities research analysts anticipate that FMC will post 3.48 EPS for the current fiscal year.
FMC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's dividend payout ratio (DPR) is 290.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in FMC by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock worth $2,905,000 after acquiring an additional 286 shares during the period. Algert Global LLC grew its holdings in FMC by 0.5% during the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company's stock worth $2,871,000 after acquiring an additional 300 shares during the period. Treasurer of the State of North Carolina grew its holdings in FMC by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 54,754 shares of the basic materials company's stock worth $2,662,000 after acquiring an additional 350 shares during the period. Oak Thistle LLC grew its holdings in FMC by 5.5% during the first quarter. Oak Thistle LLC now owns 7,653 shares of the basic materials company's stock worth $323,000 after acquiring an additional 398 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in FMC by 66.6% during the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after acquiring an additional 402 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.
FMC Company Profile
(
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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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