FMC Corporation (NYSE:FMC) Receives Average Rating of “Hold” from Analysts

FMC Corporation (NYSE:FMCGet Free Report) has been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $24.9231.

FMC has been the topic of several recent research reports. Mizuho dropped their price target on FMC from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Citigroup lifted their target price on FMC from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Bank of America reduced their price target on FMC from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Wall Street Zen cut shares of FMC from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley cut their price objective on shares of FMC from $38.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd.

Get Our Latest Stock Analysis on FMC

FMC Stock Performance

Shares of FMC opened at $15.95 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of -3.76, a PEG ratio of 0.95 and a beta of 0.65. FMC has a twelve month low of $12.17 and a twelve month high of $56.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.05 and a current ratio of 1.40. The firm’s 50 day moving average price is $14.27 and its two-hundred day moving average price is $26.10.

FMC (NYSE:FMCGet Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The business had revenue of $542.20 million for the quarter, compared to analyst estimates of $1.08 billion. FMC had a negative net margin of 14.81% and a positive return on equity of 10.40%. The firm’s quarterly revenue was down 49.1% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. On average, analysts forecast that FMC will post 3.48 EPS for the current fiscal year.

FMC Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.32 annualized dividend and a yield of 2.0%. FMC’s payout ratio is -7.55%.

Insider Activity at FMC

In related news, Director John Mitchell Raines acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $13.77 per share, for a total transaction of $96,390.00. Following the acquisition, the director directly owned 13,784 shares of the company’s stock, valued at approximately $189,805.68. The trade was a 103.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FMC by 11.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company’s stock worth $2,171,000 after purchasing an additional 5,091 shares in the last quarter. Focus Partners Wealth grew its stake in shares of FMC by 137.7% in the first quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company’s stock valued at $904,000 after buying an additional 12,414 shares in the last quarter. GAMMA Investing LLC increased its holdings in FMC by 16.7% during the second quarter. GAMMA Investing LLC now owns 4,956 shares of the basic materials company’s stock worth $207,000 after buying an additional 711 shares during the last quarter. Steel Grove Capital Advisors LLC raised its position in FMC by 28.4% during the second quarter. Steel Grove Capital Advisors LLC now owns 45,296 shares of the basic materials company’s stock worth $1,891,000 after acquiring an additional 10,018 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in FMC by 180.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 524 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

More FMC News

Here are the key news stories impacting FMC this week:

FMC Company Profile

(Get Free Report)

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.

Further Reading

Analyst Recommendations for FMC (NYSE:FMC)

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