FMC (NYSE:FMC) PT Raised to $57.00

FMC (NYSE:FMC) had its target price raised by equities researchers at Mizuho from $55.00 to $57.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective indicates a potential downside of 12.08% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Wolfe Research began coverage on FMC in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Bank of America downgraded shares of FMC from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $60.00 to $57.00 in a report on Tuesday, January 16th. StockNews.com downgraded shares of FMC from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. BMO Capital Markets dropped their target price on shares of FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Finally, KeyCorp upped their target price on shares of FMC from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, FMC currently has an average rating of “Hold” and a consensus price target of $71.69.

FMC Trading Down 2.9 %

NYSE:FMC opened at $64.83 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. FMC has a 12 month low of $49.49 and a 12 month high of $112.10. The company has a market cap of $8.09 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. The company has a 50 day simple moving average of $60.99 and a two-hundred day simple moving average of $57.84.

FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $918.00 million during the quarter, compared to analyst estimates of $1.01 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. FMC’s revenue was down 31.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. Research analysts forecast that FMC will post 3.88 earnings per share for the current year.

Insider Buying and Selling at FMC

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the transaction, the chief financial officer now owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.81% of the company’s stock.

Institutional Trading of FMC

Several hedge funds have recently made changes to their positions in FMC. Riverview Trust Co purchased a new stake in shares of FMC during the 1st quarter valued at about $27,000. CVA Family Office LLC purchased a new stake in FMC in the 4th quarter worth about $31,000. Financial Connections Group Inc. purchased a new stake in FMC in the 4th quarter worth about $31,000. Quintet Private Bank Europe S.A. purchased a new stake in FMC in the 3rd quarter worth about $33,000. Finally, Spire Wealth Management raised its position in FMC by 143.1% in the 3rd quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 299 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

About FMC

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.