FMC (NYSE:FMC) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a research note issued to investors on Monday.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of FMC from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Monday, December 18th. Credit Suisse Group set a $111.00 target price on shares of FMC and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Bank of America upped their target price on shares of FMC from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Goldman Sachs Group initiated coverage on shares of FMC in a research report on Monday, December 4th. They set a “neutral” rating and a $98.00 target price on the stock. Finally, Stephens started coverage on shares of FMC in a research report on Monday, December 4th. They set an “equal weight” rating and a $91.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $97.63.
FMC (NYSE:FMC) opened at $81.86 on Monday. FMC has a 12-month low of $57.29 and a 12-month high of $98.70. The stock has a market cap of $11,441.79, a P/E ratio of 20.52, a PEG ratio of 1.41 and a beta of 1.52. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19.
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, topping the Zacks’ consensus estimate of $1.05 by $0.05. FMC had a net margin of 18.61% and a return on equity of 18.25%. The company had revenue of $979.60 million for the quarter, compared to analyst estimates of $993.57 million. During the same period in the prior year, the business earned $0.88 earnings per share. FMC’s quarterly revenue was up 42.3% on a year-over-year basis. research analysts anticipate that FMC will post 5.37 EPS for the current fiscal year.
In related news, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the sale, the insider now directly owns 6,856 shares of the company’s stock, valued at $619,302.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in FMC in the fourth quarter valued at approximately $123,000. Assetmark Inc. increased its stake in FMC by 212.2% in the fourth quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 1,012 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in FMC by 256.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 1,246 shares in the last quarter. Roundview Capital LLC bought a new stake in FMC in the fourth quarter valued at approximately $204,000. Finally, Cetera Advisor Networks LLC bought a new stake in FMC in the fourth quarter valued at approximately $212,000. 90.81% of the stock is owned by institutional investors and hedge funds.
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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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