FMC (NYSE:FMC) Downgraded to “C” at TheStreet

FMC (NYSE:FMC) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a report released on Monday, February 12th.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded FMC from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Monday, December 18th. Loop Capital set a $106.00 target price on FMC and gave the company a “buy” rating in a report on Monday, December 11th. KeyCorp reissued a “buy” rating and set a $112.00 price target on shares of FMC in a research note on Monday, December 4th. Bank of America increased their price target on FMC from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Nomura increased their price target on FMC from $97.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $98.37.

FMC (NYSE FMC) traded down $1.02 on Monday, reaching $82.53. The company’s stock had a trading volume of 402,533 shares, compared to its average volume of 1,435,034. The stock has a market cap of $11,190.72, a P/E ratio of 20.65, a PEG ratio of 1.36 and a beta of 1.52. FMC has a 12-month low of $57.29 and a 12-month high of $98.70. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 1.11.

FMC (NYSE:FMC) last issued its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.05. The business had revenue of $979.60 million during the quarter, compared to the consensus estimate of $993.57 million. FMC had a return on equity of 16.82% and a net margin of 18.61%. The company’s revenue for the quarter was up 42.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. analysts predict that FMC will post 5.44 earnings per share for the current fiscal year.

In other FMC news, insider Mark Douglas sold 10,698 shares of FMC stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $84.41, for a total value of $903,018.18. Following the completion of the transaction, the insider now directly owns 63,191 shares in the company, valued at $5,333,952.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $33,873.75. Following the completion of the transaction, the insider now owns 6,856 shares of the company’s stock, valued at $619,302.48. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of FMC by 61.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,965 shares of the basic materials company’s stock valued at $5,203,000 after buying an additional 20,959 shares during the last quarter. William Blair Investment Management LLC raised its holdings in FMC by 18.5% during the fourth quarter. William Blair Investment Management LLC now owns 61,532 shares of the basic materials company’s stock worth $5,825,000 after purchasing an additional 9,616 shares in the last quarter. Brookfield Asset Management Inc. raised its holdings in FMC by 84.8% during the fourth quarter. Brookfield Asset Management Inc. now owns 8,500 shares of the basic materials company’s stock worth $805,000 after purchasing an additional 3,900 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in FMC during the fourth quarter worth approximately $3,932,000. Finally, Gotham Asset Management LLC raised its holdings in FMC by 103.6% during the fourth quarter. Gotham Asset Management LLC now owns 44,177 shares of the basic materials company’s stock worth $4,182,000 after purchasing an additional 22,478 shares in the last quarter. 92.38% of the stock is currently owned by 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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