FMC (NYSE:FMC) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of FMC (NYSE:FMC) in a report released on Wednesday, MarketBeat reports. The firm issued an equal weight rating and a $62.00 target price on the basic materials company’s stock.

Other analysts have also issued research reports about the company. UBS Group raised FMC from a neutral rating to a buy rating and boosted their target price for the company from $61.00 to $84.00 in a research report on Wednesday, March 20th. Wolfe Research initiated coverage on FMC in a research report on Friday, March 1st. They issued a peer perform rating on the stock. Loop Capital boosted their target price on FMC from $55.00 to $65.00 and gave the company a hold rating in a research report on Tuesday, March 19th. KeyCorp boosted their target price on FMC from $79.00 to $81.00 and gave the company an overweight rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. cut their price objective on FMC from $53.00 to $50.00 and set a neutral rating on the stock in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, FMC presently has a consensus rating of Hold and an average target price of $70.06.

FMC Trading Up 0.4 %

FMC opened at $56.74 on Wednesday. FMC has a one year low of $49.49 and a one year high of $107.15. The stock has a market capitalization of $7.08 billion, a PE ratio of 6.33, a P/E/G ratio of 1.17 and a beta of 0.88. The business’s 50 day moving average price is $59.90 and its 200 day moving average price is $59.27. 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 (NYSE:FMC) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The firm had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The firm’s quarterly revenue was down 31.7% on a year-over-year basis. As a group, equities research analysts expect that FMC will post 3.6 EPS for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.09%. FMC’s payout ratio is currently 25.89%.

Hedge Funds Weigh In On FMC

Large investors have recently bought and sold shares of the stock. North Point Portfolio Managers Corp OH boosted its stake in FMC by 67.3% in the fourth quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock valued at $7,473,000 after acquiring an additional 47,697 shares in the last quarter. S&CO Inc. boosted its stake in FMC by 6.7% in the fourth quarter. S&CO Inc. now owns 235,126 shares of the basic materials company’s stock valued at $14,824,000 after acquiring an additional 14,710 shares in the last quarter. Raymond James & Associates boosted its stake in FMC by 0.5% in the fourth quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock valued at $7,262,000 after acquiring an additional 610 shares in the last quarter. Invenomic Capital Management LP acquired a new position in FMC in the fourth quarter valued at $18,815,000. Finally, Royal London Asset Management Ltd. boosted its stake in FMC by 2.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 49,181 shares of the basic materials company’s stock valued at $3,101,000 after acquiring an additional 1,082 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

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.