FMC Co. (NYSE:FMC) Given Average Rating of “Hold” by Analysts

Shares of FMC Co. (NYSE:FMC) have received a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $68.63.

FMC has been the subject of several recent research reports. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Mizuho upped their target price on shares of FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Barclays raised their price target on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Finally, BMO Capital Markets raised their target price on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd.

Institutional Investors Weigh In On FMC

Institutional investors and hedge funds have recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of FMC during the 1st quarter worth approximately $27,000. Benjamin F. Edwards & Company Inc. lifted its stake in FMC by 114.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after buying an additional 303 shares during the last quarter. LRI Investments LLC acquired a new position in shares of FMC during the first quarter valued at $39,000. UMB Bank n.a. boosted its holdings in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of FMC by 827.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 612 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Performance

NYSE:FMC opened at $63.31 on Friday. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $89.27. The company has a market cap of $7.90 billion, a P/E ratio of 7.07, a P/E/G ratio of 1.65 and a beta of 0.84. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $58.45 and its two-hundred day moving average is $59.16.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $0.50 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts expect that FMC will post 3.17 EPS for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio (DPR) is presently 25.89%.

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.