FMC Corporation (FMC) Given Outperform Rating at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of FMC Corporation (NYSE:FMC) in a research note issued to investors on Thursday, Marketbeat Ratings reports. Royal Bank Of Canada currently has a $110.00 price objective on the basic materials company’s stock, up from their previous price objective of $102.00.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets raised their price target on FMC Corporation from $80.00 to $90.00 and gave the company a market perform rating in a report on Wednesday, November 8th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an outperform rating and set a $102.00 price target (up from $93.00) on shares of FMC Corporation in a report on Wednesday, November 8th. Bank of America Corporation raised their price target on FMC Corporation from $103.00 to $105.00 and gave the company a buy rating in a report on Wednesday, November 8th. KeyCorp raised their price target on FMC Corporation from $98.00 to $105.00 and gave the company a buy rating in a report on Monday, October 16th. Finally, Nomura raised their price target on FMC Corporation from $97.00 to $106.00 and gave the company a buy rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $90.94.

FMC Corporation (FMC) traded up $1.66 during trading on Thursday, hitting $94.88. The company had a trading volume of 1,346,806 shares, compared to its average volume of 1,293,995. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. The company has a market cap of $12,515.88, a P/E ratio of 37.44, a PEG 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 posted its earnings results on Monday, November 6th. The basic materials company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The business had revenue of $646.20 million during the quarter, compared to the consensus estimate of $686.21 million. FMC Corporation had a return on equity of 16.77% and a net margin of 0.78%. FMC Corporation’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. sell-side analysts anticipate that FMC Corporation will post 2.66 EPS for the current year.

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In other FMC Corporation 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 directly owns 131,639 shares in the company, valued at $11,057,676. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently modified their holdings of FMC. Dimensional Fund Advisors LP lifted its holdings in shares of FMC Corporation by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 515,431 shares of the basic materials company’s stock valued at $35,840,000 after purchasing an additional 37,011 shares in the last quarter. AQR Capital Management LLC increased its position in shares of FMC Corporation by 452.2% in the first quarter. AQR Capital Management LLC now owns 29,959 shares of the basic materials company’s stock valued at $2,085,000 after acquiring an additional 24,534 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of FMC Corporation by 6.3% in the second 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 during the last quarter. Aperio Group LLC increased its position in shares of FMC Corporation by 5.7% in the second quarter. Aperio Group LLC now owns 46,329 shares of the basic materials company’s stock valued at $3,384,000 after acquiring an additional 2,485 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of FMC Corporation by 51.9% in the second quarter. US Bancorp DE now owns 17,182 shares of the basic materials company’s stock valued at $1,254,000 after acquiring an additional 5,873 shares during the last quarter. Institutional investors own 90.69% of the company’s stock.

FMC Corporation Company Profile

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.

Analyst Recommendations for FMC Corporation (NYSE:FMC)

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