FMC Co. (NYSE:FMC) Receives Consensus Rating of “Hold” from Brokerages

Shares of FMC Co. (NYSE:FMC) have been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $68.00.

A number of brokerages have weighed in on FMC. BMO Capital Markets upped their price objective on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Royal Bank of Canada lifted their price objective on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, Mizuho raised their price target on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st.

FMC Stock Up 0.7 %

Shares of NYSE:FMC opened at $58.74 on Friday. The firm has a market capitalization of $7.33 billion, a P/E ratio of 5.06, a P/E/G ratio of 1.54 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a 50 day moving average price of $61.74 and a 200-day moving average price of $60.82. FMC has a 52-week low of $50.03 and a 52-week high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data 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. FMC had a return on equity of 7.68% and a net margin of 34.93%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities research analysts anticipate that FMC will post 3.35 EPS for the current fiscal year.

Insider Transactions at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On FMC

Hedge funds and other institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC increased its position in FMC by 1,282.3% during the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 795 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of FMC by 6.7% during the 1st quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 246 shares during the period. LRI Investments LLC purchased a new stake in shares of FMC during the 1st quarter valued at about $41,000. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $322,439,000 after purchasing an additional 1,316,133 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of FMC by 1.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 450,679 shares of the basic materials company’s stock worth $28,708,000 after buying an additional 5,171 shares during the last quarter. 91.86% of the stock is owned by institutional investors.

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.