FMC Co. (NYSE:FMC – Get Rating) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $132.90.
Several brokerages have recently commented on FMC. Redburn Partners downgraded FMC from a “buy” rating to a “neutral” rating in a report on Monday, June 13th. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday, August 27th. UBS Group reduced their target price on shares of FMC from $149.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Mizuho reduced their price objective on shares of FMC from $149.00 to $144.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Finally, Credit Suisse Group reduced their price objective on shares of FMC from $109.00 to $105.00 and set an “underperform” rating for the company in a research note on Wednesday, August 3rd.
FMC Stock Down 2.2 %
Shares of FMC stock opened at $105.88 on Friday. FMC has a 1 year low of $87.42 and a 1 year high of $140.99. The stock has a market cap of $13.34 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.42 and a beta of 0.84. The business’s fifty day moving average is $108.61 and its 200-day moving average is $117.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.38.
FMC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, September 29th. FMC’s dividend payout ratio is currently 38.97%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Rinkey Investments purchased a new position in FMC during the fourth quarter worth about $25,000. West Oak Capital LLC purchased a new position in FMC in the first quarter valued at about $26,000. Private Trust Co. NA purchased a new position in FMC in the second quarter valued at about $28,000. Alpha Paradigm Partners LLC purchased a new position in FMC in the second quarter valued at about $31,000. Finally, CENTRAL TRUST Co purchased a new position in FMC in the first quarter valued at about $34,000. 87.42% of the stock is currently owned by institutional investors and hedge funds.
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.
- Get a free copy of the StockNews.com research report on FMC (FMC)
- Kroger’s is Your One-Stop Consumer Staples Stock
- Adobe Perfects the Art of the Faceplant for Investors
- Tax Credits are the Incentives in the Inflation Reduction Act
- 3 Banks Worth Considering For Q4
- Stock Market: 3 Islands Of Strength In A Sea Of Red
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.