FMC Co. (NYSE:FMC) Given Consensus Recommendation of “Hold” by Analysts

FMC Co. (NYSE:FMC) has been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $68.00.

FMC has been the subject of a number of analyst reports. Mizuho boosted their price objective 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. Royal Bank of Canada lifted their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays upped their price target on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Citigroup initiated coverage on FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th.

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now owns 28,649 shares of the company’s stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On FMC

A number of institutional investors have recently added to or reduced their stakes in the stock. Barnett & Company Inc. bought a new position in shares of FMC during the 3rd quarter worth approximately $2,265,000. Advisors Asset Management Inc. lifted its holdings in shares of FMC by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after acquiring an additional 9,449 shares during the period. Cetera Investment Advisers grew its holdings in shares of FMC by 483.8% in the 1st quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company’s stock worth $2,216,000 after purchasing an additional 28,823 shares during the last quarter. tru Independence LLC bought a new stake in shares of FMC in the 3rd quarter worth about $5,323,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of FMC during the 1st quarter worth about $1,994,000. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Trading Down 0.7 %

FMC stock opened at $59.09 on Friday. FMC has a one year low of $50.03 and a one year high of $68.72. The company’s fifty day moving average price is $61.38 and its two-hundred day moving average price is $60.62. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 1.57 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09.

FMC (NYSE:FMC) last issued 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts forecast that FMC will post 3.35 earnings per share for the current fiscal year.

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.