FMC (NYSE:FMC) Stock Price Expected to Rise, Mizuho Analyst Says

FMC (NYSE:FMC) had its target price lifted by analysts at Mizuho from $64.00 to $70.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective indicates a potential upside of 10.85% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company decreased their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. BMO Capital Markets lifted their target price on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday. Barclays lifted their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, KeyCorp dropped their target price on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $68.00.

FMC Price Performance

FMC stock opened at $63.15 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.07 and a current ratio of 1.48. FMC has a 52-week low of $49.49 and a 52-week high of $68.72. The stock’s 50 day moving average price is $63.21 and its two-hundred day moving average price is $60.88. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 1.66 and a beta of 0.85.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, equities analysts predict that FMC will post 3.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of FMC by 396.9% during the 1st quarter. SG Americas Securities LLC now owns 70,268 shares of the basic materials company’s stock valued at $4,476,000 after purchasing an additional 56,128 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of FMC by 483.8% during the first quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company’s stock worth $2,216,000 after acquiring an additional 28,823 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of FMC in the 1st quarter worth approximately $1,994,000. BNP Paribas purchased a new stake in shares of FMC in the 1st quarter valued at $1,372,000. Finally, CWM LLC grew its holdings in shares of FMC by 87.4% during the 2nd quarter. CWM LLC now owns 17,662 shares of the basic materials company’s stock valued at $1,016,000 after purchasing an additional 8,238 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.