FMC (FMC) Downgraded by ValuEngine to “Sell”

ValuEngine cut shares of FMC (NYSE:FMC) from a hold rating to a sell rating in a report released on Wednesday.

A number of other brokerages have also issued reports on FMC. Zacks Investment Research lowered FMC from a strong-buy rating to a hold rating in a research note on Wednesday, July 4th. Nomura lifted their price target on FMC from $100.00 to $106.00 and gave the stock a buy rating in a research note on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $102.69.

Shares of FMC opened at $81.35 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.96. FMC has a 12 month low of $72.73 and a 12 month high of $98.70. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. FMC had a return on equity of 27.12% and a net margin of 23.96%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company earned $0.48 earnings per share. FMC’s quarterly revenue was up 92.2% compared to the same quarter last year. Research analysts anticipate that FMC will post 6.06 earnings per share for the current year.

In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $89.15, for a total transaction of $33,431.25. Following the transaction, the insider now owns 8,604 shares of the company’s stock, valued at $767,046.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dirk A. Kempthorne acquired 1,173 shares of the stock in a transaction on Tuesday, August 28th. The shares were bought at an average cost of $86.12 per share, for a total transaction of $101,018.76. Following the purchase, the director now directly owns 35,783 shares of the company’s stock, valued at approximately $3,081,631.96. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. acquired a new position in FMC during the second quarter worth $116,000. Thompson Davis & CO. Inc. boosted its stake in FMC by 307.1% during the second quarter. Thompson Davis & CO. Inc. now owns 1,425 shares of the basic materials company’s stock worth $127,000 after buying an additional 1,075 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in FMC by 221.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,525 shares of the basic materials company’s stock worth $136,000 after buying an additional 1,050 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in FMC during the second quarter worth $139,000. Finally, Exane Derivatives acquired a new position in FMC during the second quarter worth $141,000. 89.58% of the stock is currently owned by institutional investors.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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