FMC Co. (NYSE:FMC) Receives Consensus Recommendation of “Hold” from Brokerages

FMC Co. (NYSE:FMC) has received a consensus rating of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $68.00.

FMC has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Mizuho upped their target price on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Barclays increased their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th.

FMC Trading Up 0.3 %

Shares of FMC stock opened at $63.63 on Wednesday. The company has a market cap of $7.94 billion, a P/E ratio of 5.48, a PEG ratio of 1.66 and a beta of 0.85. The stock has a 50 day simple moving average of $63.17 and a two-hundred day simple moving average of $61.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Research analysts forecast that FMC will post 3.35 earnings per share for the current year.

Institutional Trading of FMC

A number of large investors have recently bought and sold shares of FMC. Mather Group LLC. grew its stake in shares of FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 396 shares during the period. LRI Investments LLC purchased a new position in shares of FMC in the first quarter worth about $41,000. UMB Bank n.a. raised its position in shares of FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 246 shares during the period. Sentry Investment Management LLC bought a new position in FMC in the 1st quarter worth approximately $45,000. Finally, EntryPoint Capital LLC boosted its holdings in FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after buying an additional 795 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

About FMC

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.