UBS Group Issues Pessimistic Forecast for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMC) had its price objective cut by equities researchers at UBS Group from $75.00 to $66.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. UBS Group’s target price points to a potential upside of 31.61% from the company’s previous close.

A number of other brokerages have also weighed in on FMC. Mizuho lifted their target price on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Citigroup reduced their target price on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada raised their target price on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.69.

FMC Stock Up 4.8 %

Shares of NYSE:FMC opened at $50.15 on Friday. The stock’s 50-day moving average is $58.69 and its 200 day moving average is $59.82. The company has a market cap of $6.26 billion, a PE ratio of 4.32, a P/E/G ratio of 1.48 and a beta of 0.80. 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 has a 1 year low of $47.73 and a 1 year high of $68.72.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts anticipate that FMC will post 3.35 EPS for the current year.

Insiders Place Their Bets

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On FMC

Large investors have recently bought and sold shares of the business. Commerce Bank boosted its holdings in shares of FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 183 shares during the last quarter. Dark Forest Capital Management LP grew its position in FMC by 3.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock worth $372,000 after purchasing an additional 192 shares during the period. HB Wealth Management LLC raised its stake in FMC by 3.8% during the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock valued at $325,000 after buying an additional 208 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after buying an additional 246 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 246 shares during the period. 91.86% of the stock is currently owned by institutional investors.

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.