FMC (NYSE:FMC) Price Target Lowered to $46.00 at Morgan Stanley

FMC (NYSE:FMC) had its price objective decreased by Morgan Stanley from $70.00 to $46.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s target price would suggest a potential downside of 14.81% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. KeyCorp cut their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. UBS Group cut their price target on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a report on Friday, December 20th. Mizuho lowered their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Bank of America upgraded shares of FMC from an “underperform” rating to a “neutral” rating and reduced their price target for the company from $63.00 to $61.00 in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada downgraded FMC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $78.00 to $47.00 in a research note on Wednesday. Twelve equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus target price of $59.77.

FMC Stock Down 1.7 %

FMC stock opened at $54.00 on Wednesday. The stock has a 50 day moving average of $53.43 and a two-hundred day moving average of $58.85. FMC has a twelve month low of $47.71 and a twelve month high of $68.72. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 4.65, a PEG ratio of 1.20 and a beta of 0.84. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 7.68% and a net margin of 34.93%. As a group, research analysts expect that FMC will post 3.33 earnings per share for the current year.

Insider Activity at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,491 shares of company stock valued at $433,898. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FMC. Commerce Bank raised its holdings in shares of FMC by 3.7% in the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 183 shares during the period. WP Advisors LLC lifted its holdings in shares of FMC by 3.3% during the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 200 shares in the last quarter. International Private Wealth Advisors LLC boosted its position in shares of FMC by 3.8% in the fourth quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock worth $272,000 after buying an additional 205 shares during the period. Blue Trust Inc. grew its position in FMC by 9.9% in the fourth quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 236 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Institutional investors and hedge funds 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.