FMC (FMC) Receives Buy Rating from KeyCorp

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.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. FMC had a net margin of 0.78% and a return on equity of 16.77%. The company had revenue of $646.20 million during the quarter, compared to analyst estimates of $686.21 million. During the same quarter last year, the business posted $0.67 EPS. FMC’s quarterly revenue was up 2.8% compared to the same quarter last year. equities research analysts anticipate that FMC will post 2.65 earnings per share for the current fiscal year.

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.

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About FMC

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.

Analyst Recommendations for FMC (NYSE:FMC)

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