KeyCorp restated their buy rating on shares of FMC (NYSE:FMC) in a report published on Monday. KeyCorp currently has a $112.00 price target on the basic materials company’s stock. KeyCorp also issued estimates for FMC’s FY2018 earnings at $5.50 EPS.
Several other equities research analysts have also issued reports on the stock. Bank of America upgraded shares of FMC from an underperform rating to a buy rating and raised their price target for the stock from $66.00 to $103.00 in a research note on Thursday, August 31st. Robert W. Baird restated a hold rating and set a $86.00 price target on shares of FMC in a research note on Tuesday, September 12th. Piper Jaffray Companies restated a hold rating and set a $85.00 price target on shares of FMC in a research note on Tuesday, September 5th. Jefferies Group restated a buy rating and set a $100.00 price target on shares of FMC in a research note on Friday, September 15th. Finally, Zacks Investment Research upgraded shares of FMC from a hold rating to a strong-buy rating and set a $103.00 price target for the company in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $92.61.
Shares of FMC (FMC) traded down $2.46 during mid-day trading on Monday, hitting $91.47. 1,350,600 shares of the stock traded hands, compared to its average volume of 1,275,518. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. FMC has a 12 month low of $55.79 and a 12 month high of $95.25. The stock has a market cap of $12,130.00, a price-to-earnings ratio of 37.72, a P/E/G ratio of 3.15 and a beta of 1.61.
Institutional investors have recently added to or reduced their stakes in the stock. Advisor Partners LLC purchased a new position in FMC in the 3rd quarter valued at approximately $216,000. Achmea Investment Management B.V. purchased a new position in shares of FMC during the 3rd quarter valued at $246,000. Nordea Investment Management AB grew its position in shares of FMC by 99.7% during the 3rd quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock valued at $718,000 after purchasing an additional 4,015 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of FMC during the 3rd quarter valued at $831,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of FMC by 28.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,815 shares of the basic materials company’s stock valued at $1,145,000 after purchasing an additional 2,860 shares in the last quarter. Institutional investors and hedge funds own 89.34% of the company’s stock.
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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