FMC Corporation (NYSE:FMC) has received a consensus rating of “Buy” from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $86.05.
FMC has been the topic of several analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 price target on shares of FMC Corporation in a report on Monday, June 5th. Credit Suisse Group set a $85.00 price target on shares of FMC Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Jefferies Group LLC reissued a “buy” rating and issued a $84.00 price target on shares of FMC Corporation in a report on Thursday, July 6th. Zacks Investment Research raised shares of FMC Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Monday, July 10th. Finally, Seaport Global Securities lowered shares of FMC Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $82.00 to $80.00 in a report on Tuesday, July 18th.
In other news, VP Andrea E. Utecht sold 14,174 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $84.00, for a total value of $1,190,616.00. Following the sale, the vice president now owns 131,639 shares of the company’s stock, valued at approximately $11,057,676. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Aviance Capital Management LLC acquired a new position in FMC Corporation during the 1st quarter worth about $200,000. United Capital Financial Advisers LLC acquired a new position in FMC Corporation during the 1st quarter worth about $202,000. Cleararc Capital Inc. acquired a new position in FMC Corporation during the 1st quarter worth about $226,000. Virginia Retirement Systems ET AL acquired a new position in FMC Corporation during the 1st quarter worth about $230,000. Finally, South Texas Money Management Ltd. acquired a new position in FMC Corporation during the 1st quarter worth about $232,000. Institutional investors and hedge funds own 90.35% of the company’s stock.
FMC Corporation (NYSE FMC) traded down 0.54% on Friday, hitting $89.95. 1,300,882 shares of the stock were exchanged. FMC Corporation has a 1-year low of $45.77 and a 1-year high of $92.40. The company’s 50 day moving average is $85.49 and its 200 day moving average is $75.38. The stock has a market cap of $12.06 billion, a PE ratio of 266.91 and a beta of 1.60.
FMC Corporation (NYSE:FMC) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The firm had revenue of $656.80 million for the quarter, compared to analyst estimates of $614.01 million. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, equities research analysts expect that FMC Corporation will post $2.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, September 28th. FMC Corporation’s payout ratio is 188.58%.
About FMC Corporation
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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