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

FMC Co. (NYSE:FMC) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $68.00.

A number of equities analysts recently issued reports on the company. Barclays upped their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Mizuho increased their target price on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their price target on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Royal Bank of Canada lifted their target price on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, KeyCorp decreased their target price on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd.

FMC Price Performance

Shares of FMC opened at $59.50 on Friday. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 1.60 and a beta of 0.85. The firm’s fifty day simple moving average is $61.54 and its 200-day simple moving average is $60.68. FMC has a twelve month low of $50.03 and a twelve month high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Equities analysts forecast that FMC will post 3.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Synovus Financial Corp grew its stake in shares of FMC by 82.9% during the 3rd quarter. Synovus Financial Corp now owns 49,892 shares of the basic materials company’s stock worth $3,290,000 after purchasing an additional 22,612 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in FMC in the third quarter valued at about $58,000. Pine Valley Investments Ltd Liability Co purchased a new position in FMC in the third quarter valued at about $205,000. Neo Ivy Capital Management acquired a new stake in shares of FMC during the 3rd quarter valued at approximately $1,256,000. Finally, Barclays PLC boosted its stake in shares of FMC by 17.3% during the 3rd quarter. Barclays PLC now owns 310,378 shares of the basic materials company’s stock worth $20,465,000 after acquiring an additional 45,752 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

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.