FMC (NYSE:FMC) Stock Rating Lowered by Redburn Atlantic

FMC (NYSE:FMC) was downgraded by stock analysts at Redburn Atlantic from a “buy” rating to a “neutral” rating in a research note issued on Friday, Marketbeat Ratings reports. They presently have a $49.00 price target on the basic materials company’s stock. Redburn Atlantic’s target price points to a potential upside of 33.72% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Citigroup raised their price objective on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Vertical Research upgraded FMC to a “hold” rating in a research report on Wednesday, February 5th. StockNews.com cut FMC from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets lowered their price objective on FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America reissued an “underperform” rating and set a $48.00 target price (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and a consensus price target of $53.62.

FMC Stock Performance

FMC stock opened at $36.65 on Friday. FMC has a 12-month low of $33.80 and a 12-month high of $68.72. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $49.79 and its two-hundred day moving average price is $57.59. The stock has a market cap of $4.57 billion, a PE ratio of 13.47, a P/E/G ratio of 1.75 and a beta of 0.84.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. As a group, analysts expect that FMC will post 3.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FMC

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in FMC by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company’s stock worth $743,338,000 after buying an additional 180,766 shares during the period. State Street Corp raised its position in shares of FMC by 27.3% during 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. Price T Rowe Associates Inc. MD lifted its holdings in shares of FMC by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company’s stock worth $212,714,000 after purchasing an additional 321,241 shares in the last quarter. Invesco Ltd. grew its position in FMC by 37.8% in the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company’s stock valued at $173,008,000 after purchasing an additional 977,110 shares during the period. Finally, Geode Capital Management LLC increased its stake in FMC by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company’s stock valued at $145,452,000 after purchasing an additional 54,017 shares in the last quarter. Institutional investors 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.