FMC Co. (NYSE:FMC) Given Consensus Rating of “Hold” by Brokerages

Shares of FMC Co. (NYSE:FMC) have received an average rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $69.71.

A number of equities research analysts have recently weighed in on FMC shares. JPMorgan Chase & Co. lowered their price target on FMC from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Wells Fargo & Company lowered their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada upped their target price on FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 10th.

FMC Stock Performance

FMC stock opened at $59.60 on Monday. The stock’s 50 day moving average price is $57.96 and its 200 day moving average price is $58.70. The firm has a market capitalization of $7.44 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46. FMC has a one year low of $49.49 and a one year high of $96.81.

FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The company had revenue of $918.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $1.77 EPS. FMC’s revenue for the quarter was down 31.7% compared to the same quarter last year. As a group, sell-side analysts expect that FMC will post 3.43 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s payout ratio is 25.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FMC. Wellington Management Group LLP grew its holdings in FMC by 15.3% in the 4th quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock valued at $791,137,000 after buying an additional 1,666,096 shares during the last quarter. Tweedy Browne Co LLC boosted its stake in FMC by 105.1% in the 4th quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock valued at $186,745,000 after buying an additional 1,518,053 shares in the last quarter. Norges Bank acquired a new stake in FMC in the 4th quarter valued at $83,227,000. Price T Rowe Associates Inc. MD boosted its stake in FMC by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after buying an additional 1,316,133 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in FMC by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after buying an additional 768,432 shares in the last quarter. 91.86% of the stock is 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.