FMC (NYSE:FMC)‘s stock had its “positive” rating reissued by analysts at Loop Capital in a research report issued on Wednesday. They presently have a $111.00 target price on the basic materials company’s stock, up from their previous target price of $108.00. Loop Capital’s target price would suggest a potential upside of 30.19% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Citigroup raised shares of FMC from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Wednesday. Royal Bank of Canada reissued a “buy” rating on shares of FMC in a report on Wednesday. Credit Suisse Group set a $106.00 target price on shares of FMC and gave the company an “outperform” rating in a report on Wednesday. They noted that the move was a valuation call. BMO Capital Markets raised their target price on shares of FMC 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. Finally, Bank of America raised their target price on shares of FMC from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $97.63.
FMC (NYSE FMC) traded up $3.40 during mid-day trading on Wednesday, reaching $85.26. 2,156,996 shares of the company’s stock traded hands, compared to its average volume of 1,480,000. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. FMC has a 52-week low of $57.29 and a 52-week high of $98.70. The company has a market cap of $11,450.00, a price-to-earnings ratio of -133.22, a P/E/G ratio of 1.41 and a beta of 1.52.
In related news, insider Nicholas Pfeiffer sold 375 shares of FMC stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the sale, the insider now directly owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Anderson Hoagland & Co. bought a new stake in FMC during the 4th quarter worth approximately $746,000. National Pension Service grew its holdings in FMC by 41,010.3% during the 4th quarter. National Pension Service now owns 147,175 shares of the basic materials company’s stock worth $13,932,000 after acquiring an additional 146,817 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in FMC by 647.4% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,526,744 shares of the basic materials company’s stock worth $144,522,000 after acquiring an additional 1,322,470 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in FMC during the 3rd quarter worth approximately $831,000. Finally, Nordea Investment Management AB grew its holdings in FMC by 99.7% during the 3rd quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock worth $718,000 after acquiring an additional 4,015 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
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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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