FMC Corporation (NYSE:FMC) Given Consensus Rating of “Hold” by Brokerages

Shares of FMC Corporation (NYSE:FMC) have earned a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $14.25.

FMC has been the subject of several research analyst reports. Wall Street Zen upgraded FMC from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Barclays upgraded FMC from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 6th. BMO Capital Markets set a $14.00 price target on shares of FMC in a research report on Friday, July 3rd. Citigroup restated a “buy” rating on shares of FMC in a research note on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FMC in a report on Friday, May 29th.

FMC Price Performance

NYSE FMC opened at $10.42 on Tuesday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -0.47 and a beta of 0.38. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.99 and a quick ratio of 1.48. The stock’s fifty day moving average price is $11.26 and its 200 day moving average price is $13.69. FMC has a 1 year low of $9.94 and a 1 year high of $40.84.

FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $895.14 million. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The firm’s revenue was down 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, equities research analysts forecast that FMC will post 1.26 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 3.1%. FMC’s payout ratio is currently -1.45%.

Institutional Investors Weigh In On FMC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in FMC by 11.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company’s stock worth $2,171,000 after acquiring an additional 5,091 shares during the period. Focus Partners Wealth lifted its holdings in 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 acquiring an additional 12,414 shares during the period. State of Tennessee Department of Treasury boosted its position in FMC by 45.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 57,504 shares of the basic materials company’s stock worth $2,401,000 after purchasing an additional 17,878 shares in the last quarter. Entropy Technologies LP purchased a new stake in FMC in the 3rd quarter worth approximately $267,000. Finally, Armistice Capital LLC purchased a new stake in FMC in the 3rd quarter worth approximately $204,000. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Company Profile

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.