BMO Capital Markets Has Lowered Expectations for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMCGet Free Report) had its price objective decreased by stock analysts at BMO Capital Markets from $62.00 to $50.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 40.23% from the stock’s current price.

FMC has been the topic of a number of other research reports. UBS Group reduced their price target on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Citigroup raised their price target on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Mizuho lowered their price target on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Barclays raised shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 target price on the stock in a research report on Tuesday, January 21st. Finally, KeyCorp cut their target price on FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $57.62.

Check Out Our Latest Report on FMC

FMC Stock Performance

NYSE FMC opened at $35.66 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC has a fifty-two week low of $34.00 and a fifty-two week high of $68.72. The business has a fifty day moving average of $52.48 and a 200-day moving average of $58.53. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 3.07, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84.

FMC (NYSE:FMCGet Free Report) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 34.93% and a return on equity of 7.68%. As a group, analysts predict that FMC will post 3.33 earnings per share for the current fiscal year.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred 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 represents a 13.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,491 shares of company stock valued at $433,898. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On FMC

Several institutional investors and hedge funds have recently made changes to their positions in FMC. State Street Corp boosted its holdings 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. Bank of New York Mellon Corp lifted its position in shares of FMC by 48.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock worth $101,509,000 after buying an additional 685,995 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FMC by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock valued at $56,602,000 after buying an additional 28,059 shares during the period. New South Capital Management Inc. grew its position in shares of FMC by 1.5% during the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock valued at $43,915,000 after buying an additional 9,834 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in FMC by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company’s stock worth $28,634,000 after acquiring an additional 46,137 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

About FMC

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for FMC (NYSE:FMC)

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.