FMC Co. (NYSE:FMC) Receives $67.08 Average Price Target from Brokerages

Shares of FMC Co. (NYSE:FMC) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $65.69.

A number of brokerages have commented on FMC. Citigroup reduced their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group reduced their target price on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada boosted their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho raised their price objective on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On FMC

A number of institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after purchasing an additional 1,343,615 shares during the period. AQR Capital Management LLC grew its position in shares of FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after buying an additional 836,179 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of FMC during the 2nd quarter worth approximately $33,191,000. Ilex Capital Partners UK LLP raised its stake in shares of FMC by 2,129.4% during the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after buying an additional 420,601 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in FMC by 116.8% in the second quarter. Van ECK Associates Corp now owns 555,095 shares of the basic materials company’s stock valued at $31,946,000 after buying an additional 299,097 shares during the period. Institutional investors own 91.86% of the company’s stock.

FMC Trading Up 4.8 %

Shares of FMC stock opened at $50.15 on Thursday. The firm has a market capitalization of $6.26 billion, a P/E ratio of 4.32, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. FMC has a 1 year low of $47.73 and a 1 year high of $68.72. The firm’s fifty day simple moving average is $58.69 and its 200 day simple moving average is $59.82. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

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 the consensus estimate of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that FMC will post 3.35 EPS for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is currently 19.97%.

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.