FMC Corporation (NYSE:FMC)‘s stock had its “hold” rating restated by investment analysts at Piper Jaffray Companies in a report released on Friday. They currently have a $92.00 price target on the basic materials company’s stock. Piper Jaffray Companies’ price target suggests a potential downside of 1.31% from the stock’s current price.
A number of other brokerages have also commented on FMC. BMO Capital Markets lifted their price objective on FMC Corporation from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday. They noted that the move was a valuation call. Credit Suisse Group reiterated an “outperform” rating and issued a $102.00 price objective (up from $93.00) on shares of FMC Corporation in a research report on Wednesday. Bank of America Corporation lifted their price objective on FMC Corporation from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp lifted their price objective on FMC Corporation from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Nomura lifted their price objective on FMC Corporation from $97.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. FMC Corporation currently has an average rating of “Buy” and a consensus price target of $90.94.
Shares of FMC Corporation (NYSE FMC) traded up $1.06 during mid-day trading on Friday, reaching $93.22. The company had a trading volume of 733,600 shares, compared to its average volume of 1,143,558. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.91 and a current ratio of 2.19. The firm has a market capitalization of $12,515.90, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 3.12 and a beta of 1.62. FMC Corporation has a 1 year low of $52.24 and a 1 year high of $95.08.
FMC Corporation (NYSE:FMC) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The firm had revenue of $646.20 million during the quarter, compared to analyst estimates of $686.21 million. FMC Corporation had a return on equity of 16.77% and a net margin of 0.78%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. analysts expect that FMC Corporation will post 2.66 EPS for the current year.
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In other news, VP Andrea E. Utecht sold 14,174 shares of FMC Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the transaction, the vice president now owns 131,639 shares in the company, valued at approximately $11,057,676. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its stake in FMC Corporation by 0.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock valued at $8,077,000 after acquiring an additional 572 shares in the last quarter. Gabelli Funds LLC lifted its stake in FMC Corporation by 1.8% in the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock valued at $3,090,000 after acquiring an additional 600 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in FMC Corporation by 6.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 22,519 shares of the basic materials company’s stock valued at $1,645,000 after acquiring an additional 1,336 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in FMC Corporation by 13.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock valued at $1,048,000 after acquiring an additional 1,688 shares in the last quarter. Finally, Advisor Partners LLC bought a new stake in FMC Corporation in the 3rd quarter valued at approximately $216,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.
About FMC Corporation
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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