FMC Corporation (NYSE:FMC) – Stock analysts at KeyCorp increased their Q4 2017 EPS estimates for FMC Corporation in a note issued to investors on Tuesday. KeyCorp analyst M. Sison now forecasts that the basic materials company will post earnings per share of $1.04 for the quarter, up from their previous estimate of $0.89. KeyCorp has a “Buy” rating and a $105.00 price target on the stock.
FMC has been the subject of a number of other research reports. Credit Suisse Group set a $93.00 target price on shares of FMC Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Nomura increased their target price on shares of FMC Corporation from $97.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and set a $110.00 target price (up previously from $102.00) on shares of FMC Corporation in a research report on Thursday. BMO Capital Markets increased their target price on shares of FMC Corporation from $80.00 to $90.00 and gave the company a “market perform” rating in a research report on Wednesday. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $92.00 target price on shares of FMC Corporation in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $90.94.
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Shares of FMC Corporation (NYSE FMC) opened at $93.22 on Friday. FMC Corporation has a 52-week low of $52.24 and a 52-week high of $95.08. The firm has a market cap of $12,515.90, a P/E ratio of 37.44, a PEG ratio of 3.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.91.
FMC Corporation (NYSE:FMC) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. FMC Corporation had a net margin of 0.78% and a return on equity of 16.77%. The firm had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s revenue was up 2.8% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. Advisor Partners LLC acquired a new stake in shares of FMC Corporation in the third quarter worth $216,000. Achmea Investment Management B.V. acquired a new stake in shares of FMC Corporation in the third quarter worth $246,000. Nordea Investment Management AB increased its stake in shares of FMC Corporation by 99.7% in the third quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock worth $718,000 after acquiring an additional 4,015 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in shares of FMC Corporation in the third quarter worth $831,000. Finally, Hanseatic Management Services Inc. increased its stake in shares of FMC Corporation by 13.3% in the second quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after acquiring an additional 1,688 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.
In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the firm’s stock in a transaction on 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 completion of the transaction, the vice president now owns 131,639 shares of the company’s stock, valued at $11,057,676. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.
FMC Corporation Company Profile
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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