FMC (NYSE:FMC) PT Raised to $68.00

FMC (NYSE:FMC) had its target price hoisted by research analysts at Wells Fargo & Company from $65.00 to $68.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 1.46% from the company’s current price.

Several other analysts have also commented on FMC. UBS Group raised FMC from a “neutral” rating to a “buy” rating and raised their target price for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price for the company. in a research note on Wednesday, February 7th. BMO Capital Markets lowered their price target on shares of FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a report on Wednesday, February 7th. Royal Bank of Canada cut their price objective on shares of FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Finally, Wolfe Research assumed coverage on shares of FMC in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, FMC presently has a consensus rating of “Hold” and a consensus price target of $71.69.

FMC Stock Performance

FMC opened at $67.02 on Wednesday. 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 firm has a 50 day moving average of $61.20 and a two-hundred day moving average of $57.90. The firm has a market capitalization of $8.37 billion, a PE ratio of 6.36, a P/E/G ratio of 1.99 and a beta of 0.88.

FMC (NYSE:FMC) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. FMC had a net margin of 29.45% and a return on equity of 12.98%. The firm had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company posted $1.77 earnings per share. The firm’s revenue was down 31.7% compared to the same quarter last year. On average, analysts anticipate that FMC will post 3.88 EPS for the current year.

Insider Transactions at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $59.22 per share, with a total value of $127,323.00. Following the completion of the acquisition, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On FMC

Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of FMC during the 1st quarter worth approximately $27,000. CVA Family Office LLC acquired a new stake in FMC during the fourth quarter worth $31,000. Financial Connections Group Inc. purchased a new stake in FMC in the fourth quarter valued at $31,000. Quintet Private Bank Europe S.A. acquired a new position in shares of FMC in the 3rd quarter valued at $33,000. Finally, Spire Wealth Management grew its holdings 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 worth $34,000 after purchasing an additional 299 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

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.