FMC (NYSE:FMC) Stock Rating Lowered by ValuEngine

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FMC (NYSE:FMC) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, October 17th.

A number of other analysts have also recently commented on FMC. Zacks Investment Research cut FMC from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Nomura upped their price objective on FMC from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $101.42.

FMC stock traded down $0.10 during mid-day trading on Wednesday, reaching $83.57. 1,241,731 shares of the stock traded hands, compared to its average volume of 1,377,359. The stock has a market cap of $11.30 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.60. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.24 and a current ratio of 1.54. FMC has a 12-month low of $72.73 and a 12-month high of $98.70.

FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a return on equity of 26.26% and a net margin of 22.28%. FMC’s revenue for the quarter was up 60.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. As a group, sell-side analysts predict that FMC will post 6.03 EPS for the current fiscal year.

In related news, COO Mark Douglas purchased 4,250 shares of FMC stock in a transaction on Tuesday, August 14th. The stock was acquired at an average price of $86.13 per share, for a total transaction of $366,052.50. Following the completion of the transaction, the chief operating officer now directly owns 59,943 shares in the company, valued at approximately $5,162,890.59. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dirk A. Kempthorne purchased 1,173 shares of FMC stock in a transaction on Tuesday, August 28th. The stock was bought at an average price of $86.12 per share, with a total value of $101,018.76. Following the transaction, the director now owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners grew its position in shares of FMC by 29.2% during the second quarter. Boston Partners now owns 4,220,507 shares of the basic materials company’s stock worth $376,511,000 after purchasing an additional 953,377 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in shares of FMC by 34.3% during the second quarter. Frontier Capital Management Co. LLC now owns 2,153,223 shares of the basic materials company’s stock worth $192,089,000 after purchasing an additional 549,475 shares in the last quarter. Green Valley Investors LLC purchased a new stake in shares of FMC during the second quarter worth about $32,693,000. Millennium Management LLC grew its position in shares of FMC by 124.3% during the second quarter. Millennium Management LLC now owns 630,703 shares of the basic materials company’s stock worth $56,265,000 after purchasing an additional 349,495 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in shares of FMC by 157.8% during the second quarter. Segall Bryant & Hamill LLC now owns 563,546 shares of the basic materials company’s stock worth $50,274,000 after purchasing an additional 344,986 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Analyst Recommendations for FMC (NYSE:FMC)

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