Analysts Set FMC Co. (NYSE:FMC) Price Target at $52.23

FMC Co. (NYSE:FMC) has received an average recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $52.23.

A number of equities analysts have issued reports on the stock. Bank of America restated an “underperform” rating and issued a $48.00 price objective (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Redburn Atlantic cut shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. Barclays reduced their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Citigroup boosted their price target on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets reduced their price target on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th.

FMC Price Performance

FMC stock opened at $40.27 on Tuesday. The firm’s 50-day moving average price is $45.98 and its two-hundred day moving average price is $55.43. FMC has a 12-month low of $33.80 and a 12-month high of $68.72. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.90 and a beta of 0.93. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC) last released its quarterly earnings data 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 8.03% and a return on equity of 9.67%. As a group, equities analysts predict that FMC will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s payout ratio is currently 85.29%.

Insider Buying and Selling

In other news, insider Ronaldo Pereira bought 5,600 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commerce Bank lifted its position in FMC by 3.7% during the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 183 shares during the period. WP Advisors LLC lifted its position in FMC by 3.3% during the fourth quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 200 shares during the period. International Private Wealth Advisors LLC lifted its position in FMC by 3.8% during the fourth quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 205 shares during the period. Blue Trust Inc. lifted its position in FMC by 9.9% during the fourth quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 236 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the period. Institutional investors own 91.86% of the company’s stock.

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.