FMC (NYSE:FMC) Given New $149.00 Price Target at Mizuho

FMC (NYSE:FMCGet Rating) had its price objective reduced by Mizuho from $155.00 to $149.00 in a research note released on Friday morning, The Fly reports. They currently have a maintains rating on the basic materials company’s stock.

FMC has been the subject of several other research reports. Wells Fargo & Company lowered their target price on shares of FMC from $150.00 to $144.00 in a research note on Wednesday, May 4th. Monness Crespi & Hardt lowered shares of FMC from a buy rating to a neutral rating in a research note on Thursday, March 31st. Redburn Partners downgraded shares of FMC from a buy rating to a neutral rating in a report on Monday, June 13th. Credit Suisse Group began coverage on shares of FMC in a report on Tuesday, May 31st. They set an underperform rating and a $109.00 price target for the company. Finally, UBS Group reduced their price target on shares of FMC from $149.00 to $140.00 and set a buy rating for the company in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $131.54.

FMC Stock Down 1.8 %

FMC stock opened at $109.11 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.38 and a quick ratio of 0.97. FMC has a 1-year low of $87.27 and a 1-year high of $140.99. The firm has a fifty day moving average price of $110.60 and a two-hundred day moving average price of $118.44. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.33 and a beta of 0.84.

FMC (NYSE:FMCGet Rating) last released its earnings results on Monday, May 2nd. The basic materials company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.19. FMC had a net margin of 14.64% and a return on equity of 30.30%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. Research analysts predict that FMC will post 7.62 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.94%. The ex-dividend date is Thursday, September 29th. FMC’s payout ratio is currently 35.69%.

Insider Buying and Selling

In related news, insider Nicholas Pfeiffer sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $119.78, for a total value of $119,780.00. Following the completion of the sale, the insider now owns 11,722 shares of the company’s stock, valued at $1,404,061.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On FMC

Several hedge funds and other institutional investors have recently bought and sold shares of FMC. National Bank of Canada FI bought a new stake in FMC in the fourth quarter worth about $45,000. Brown Advisory Inc. raised its position in FMC by 2.9% in the fourth quarter. Brown Advisory Inc. now owns 4,713 shares of the basic materials company’s stock worth $518,000 after acquiring an additional 131 shares in the last quarter. Janney Montgomery Scott LLC raised its position in FMC by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,632 shares of the basic materials company’s stock worth $3,586,000 after acquiring an additional 428 shares in the last quarter. Bessemer Group Inc. raised its position in FMC by 86.3% in the fourth quarter. Bessemer Group Inc. now owns 913 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 423 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in FMC by 0.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,587 shares of the basic materials company’s stock worth $1,273,000 after acquiring an additional 96 shares in the last quarter. 88.44% of the stock is currently owned by institutional investors.

FMC Company Profile

(Get Rating)

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.

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