FMC (NYSE:FMC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FMC (NYSE:FMC) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets set a $14.00 price target on shares of FMC in a research note on Friday, July 3rd. Morgan Stanley reduced their price objective on shares of FMC from $15.50 to $12.00 and set an “equal weight” rating for the company in a research note on Friday. Royal Bank Of Canada decreased their price objective on FMC from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Tuesday, July 21st. Barclays lowered their target price on FMC from $13.00 to $11.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. Finally, Mizuho set a $16.00 price target on FMC in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $14.25.

FMC Price Performance

Shares of FMC opened at $10.35 on Friday. The stock has a market capitalization of $1.29 billion, a P/E ratio of -0.47 and a beta of 0.38. FMC has a twelve month low of $9.94 and a twelve month high of $40.84. The company has a 50 day moving average of $11.55 and a 200-day moving average of $13.86. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 2.38.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $841.40 million for the quarter, compared to analyst estimates of $895.14 million. FMC had a negative net margin of 84.83% and a positive return on equity of 11.35%. The firm’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. As a group, equities research analysts forecast that FMC will post 1.47 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 3.1%. FMC’s dividend payout ratio (DPR) is currently -1.45%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FMC. Root Financial Partners LLC raised its holdings in shares of FMC by 3,642.9% in the 1st quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 1,785 shares during the period. Essential Partners LLC acquired a new position in FMC during the first quarter worth approximately $43,000. Armistice Capital LLC acquired a new position in FMC during the third quarter worth approximately $204,000. Parallel Advisors LLC raised its stake in FMC by 297.2% in the first quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock valued at $108,000 after buying an additional 4,687 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of FMC in the third quarter valued at approximately $267,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.