Shares of FMC Corp (NYSE:FMC) have earned an average recommendation of “Buy” from the twenty-two ratings firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $98.63.
Several brokerages have issued reports on FMC. Credit Suisse Group set a $111.00 target price on shares of FMC and gave the company a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research downgraded shares of FMC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. Goldman Sachs Group began coverage on shares of FMC in a research note on Monday, December 4th. They set a “neutral” rating and a $98.00 target price on the stock. Stephens began coverage on shares of FMC in a research note on Monday, December 4th. They set an “equal weight” rating and a $91.00 target price on the stock. Finally, KeyCorp reissued a “buy” rating and set a $112.00 target price on shares of FMC in a research note on Monday, December 4th.
Shares of FMC (NYSE FMC) traded down $0.86 during trading hours on Friday, reaching $82.92. 405,359 shares of the company’s stock traded hands, compared to its average volume of 1,497,479. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.65. FMC has a 52 week low of $59.26 and a 52 week high of $98.70. The firm has a market cap of $11,267.65, a P/E ratio of 20.86, a P/E/G ratio of 1.37 and a beta of 1.60.
FMC (NYSE:FMC) last announced its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share (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 16.82%. The company had revenue of $979.60 million for the quarter, compared to the consensus estimate of $993.57 million. During the same period in the previous year, the business earned $0.88 EPS. The company’s revenue was up 42.3% on a year-over-year basis. analysts expect that FMC will post 5.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, March 28th. FMC’s dividend payout ratio is presently 16.54%.
In related news, insider Mark Douglas sold 10,698 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total value of $903,018.18. Following the completion of the sale, the insider now directly owns 63,191 shares in the company, valued at $5,333,952.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
A number of large investors have recently modified their holdings of FMC. Harel Insurance Investments & Financial Services Ltd. acquired a new position in FMC during the 4th quarter worth $123,000. Assetmark Inc. lifted its position in FMC by 212.2% during the 4th quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 1,012 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in FMC by 256.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 1,246 shares during the last quarter. Tiemann Investment Advisors LLC acquired a new position in FMC during the 4th quarter worth $202,000. Finally, Two Sigma Securities LLC acquired a new position in FMC during the 4th quarter worth $203,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.
FMC 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.
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