FMC (NYSE:FMC) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of FMC (NYSE:FMCFree Report) from a neutral rating to a buy rating in a report released on Wednesday, Benzinga reports. The brokerage currently has $84.00 price target on the basic materials company’s stock, up from their previous price target of $61.00.

A number of other analysts also recently weighed in on FMC. BNP Paribas downgraded shares of FMC from an outperform rating to a neutral rating and set a $56.00 target price for the company. in a research report on Wednesday, February 7th. KeyCorp decreased their target price on shares of FMC from $80.00 to $76.00 and set an overweight rating for the company in a research report on Wednesday, February 7th. StockNews.com downgraded shares of FMC from a hold rating to a sell rating in a research report on Monday, March 4th. Roth Mkm started coverage on shares of FMC in a research report on Thursday, January 4th. They set a buy rating and a $74.00 price objective for the company. Finally, Royal Bank of Canada reduced their price objective on shares of FMC from $61.00 to $59.00 and set an outperform rating for the company in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $71.56.

Check Out Our Latest Analysis on FMC

FMC Stock Performance

FMC stock opened at $64.11 on Wednesday. The business has a 50 day moving average of $57.26 and a 200-day moving average of $60.07. FMC has a 1 year low of $49.49 and a 1 year high of $125.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. The company has a market capitalization of $8.00 billion, a P/E ratio of 6.09, a P/E/G ratio of 2.13 and a beta of 0.86.

FMC (NYSE:FMCGet Free Report) last released its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same period in the prior year, the company posted $2.37 EPS. On average, equities research analysts predict that FMC will post 3.88 earnings per share for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.62%. The ex-dividend date is Wednesday, March 27th. FMC’s dividend payout ratio (DPR) is presently 22.03%.

Insider Buying and Selling at FMC

In related news, CFO Andrew D. Sandifer acquired 2,150 shares of the company’s stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the purchase, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On FMC

Large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its stake in FMC by 68.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 93 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of FMC during the 4th quarter valued at $31,000. Financial Connections Group Inc. purchased a new stake in shares of FMC during the 4th quarter valued at $31,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of FMC during the 3rd quarter valued at $33,000. Finally, Spire Wealth Management increased its position in shares of FMC by 143.1% during the 3rd quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 299 shares during the last quarter. 86.91% of the stock is currently owned by institutional investors.

FMC Company Profile

(Get Free Report)

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 includes 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.

See Also

Analyst Recommendations for FMC (NYSE:FMC)

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.