FMC Co. (NYSE:FMC) Receives $71.75 Consensus Target Price from Analysts

FMC Co. (NYSE:FMC) has earned a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $71.75.

A number of brokerages have recently commented on FMC. Mizuho lowered their price target on FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Bank of America downgraded shares of FMC from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $60.00 to $57.00 in a research report on Tuesday, January 16th. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective for the company. in a report on Wednesday, February 7th. Roth Mkm started coverage on FMC in a report on Thursday, January 4th. They set a “buy” rating and a $74.00 target price on the stock. Finally, BMO Capital Markets cut their target price on FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a research report on Wednesday, February 7th.

FMC Price Performance

NYSE FMC opened at $57.82 on Friday. The company has a 50-day moving average price of $58.82 and a two-hundred day moving average price of $58.26. FMC has a 52 week low of $49.49 and a 52 week high of $124.61. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 1.81 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned $2.37 earnings per share. Analysts forecast that FMC will post 3.88 EPS for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.32 annualized dividend and a yield of 4.01%. FMC’s payout ratio is presently 22.03%.

Insider Buying and Selling at FMC

In other news, CFO Andrew D. Sandifer bought 2,150 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.85% of the company’s stock.

Institutional Trading of FMC

Several hedge funds and other institutional investors have recently modified their holdings of the business. North Point Portfolio Managers Corp OH lifted its stake in FMC by 67.3% in the 4th quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock worth $7,473,000 after acquiring an additional 47,697 shares in the last quarter. Raymond James & Associates increased its holdings in shares of FMC by 0.5% in the 4th quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock valued at $7,262,000 after purchasing an additional 610 shares during the period. Manning & Napier Group LLC lifted its position in shares of FMC by 58.9% in the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock worth $150,658,000 after purchasing an additional 833,845 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of FMC by 37.9% during the third quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock worth $118,166,000 after purchasing an additional 484,500 shares during the period. Finally, Nordea Investment Management AB grew its position in FMC by 15.4% during the third quarter. Nordea Investment Management AB now owns 14,195 shares of the basic materials company’s stock valued at $950,000 after purchasing an additional 1,889 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

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.