FMC’s (FMC) “Positive” Rating Reaffirmed at Loop Capital

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.

FMC (NYSE:FMC) last released its earnings results on Monday, February 12th. The basic materials company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.05 by $0.05. FMC had a net margin of 18.61% and a return on equity of 18.25%. The firm had revenue of $979.60 million for the quarter, compared to analyst estimates of $993.57 million. During the same period last year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 42.3% compared to the same quarter last year. equities research analysts forecast that FMC will post 5.37 EPS for the current fiscal year.

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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About FMC

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 (NYSE:FMC)

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