FMC Corp (NYSE:FMC) Receives Average Rating of “Buy” from Analysts

FMC Corp (NYSE:FMC) has been given an average recommendation of “Buy” by the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $96.58.

Several analysts have recently commented on the stock. Royal Bank of Canada raised shares of FMC from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $87.00 to $103.00 in a research report on Friday, August 9th. SunTrust Banks lifted their price target on shares of FMC to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Credit Suisse Group lifted their price target on shares of FMC from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Bank of America lowered shares of FMC from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. Finally, Buckingham Research lifted their price target on shares of FMC from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

Shares of FMC stock traded up $1.09 during trading on Thursday, hitting $89.96. 919,725 shares of the stock traded hands, compared to its average volume of 1,023,706. The firm has a market capitalization of $11.35 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 0.91. The firm’s fifty day moving average price is $85.74 and its 200-day moving average price is $81.18. FMC has a 52-week low of $69.36 and a 52-week high of $92.76.



FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.03. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. FMC had a net margin of 10.65% and a return on equity of 27.33%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. As a group, equities research analysts expect that FMC will post 5.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.60 annualized dividend and a yield of 1.78%. FMC’s dividend payout ratio (DPR) is presently 25.44%.

In related news, CEO Pierre R. Brondeau sold 196,466 shares of FMC stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $88.90, for a total value of $17,465,827.40. Following the completion of the sale, the chief executive officer now owns 368,778 shares in the company, valued at approximately $32,784,364.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the business. Squar Milner Financial Services LLC grew its stake in shares of FMC by 51.4% in the second quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 130 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of FMC by 2.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 7,054 shares of the basic materials company’s stock worth $658,000 after acquiring an additional 138 shares in the last quarter. Capital Bank & Trust Co grew its stake in shares of FMC by 1.9% in the second quarter. Capital Bank & Trust Co now owns 7,340 shares of the basic materials company’s stock worth $609,000 after acquiring an additional 140 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of FMC by 46.9% in the second quarter. Parallel Advisors LLC now owns 501 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 160 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of FMC by 0.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 20,462 shares of the basic materials company’s stock worth $1,572,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Analyst Recommendations for FMC (NYSE:FMC)

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