FMC Corporation (NYSE:FMC) Stock Has Consensus Price Target of $14.38 According to Analysts

Shares of FMC Corporation (NYSE:FMC) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.38.

A number of equities research analysts recently issued reports on FMC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of FMC in a research note on Wednesday, August 26th. JPMorgan Chase & Co. decreased their price objective on shares of FMC from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Zacks Research lowered shares of FMC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Citigroup reissued a “buy” rating on shares of FMC in a research note on Tuesday, August 4th. Finally, Seaport Research Partners set a $21.00 price target on shares of FMC in a research report on Tuesday, August 4th.

FMC Stock Performance

NYSE FMC opened at $8.45 on Wednesday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -0.38 and a beta of 0.45. The stock has a 50-day moving average of $10.78 and a 200 day moving average of $12.58. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 2.38. FMC has a twelve month low of $8.33 and a twelve month high of $32.34.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $841.40 million for the quarter, compared to analyst estimates of $895.14 million. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.FMC’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Sell-side analysts anticipate that FMC will post 1.25 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.8%. FMC’s dividend payout ratio is presently -1.45%.

Hedge Funds Weigh In On FMC

Several hedge funds and other institutional investors have recently made changes to their positions in FMC. IFP Advisors Inc raised its stake in FMC by 99.0% in the 2nd quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 1,356 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in FMC by 14.9% in the 1st quarter. Glenmede Trust Co. NA now owns 12,427 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 1,614 shares in the last quarter. Root Financial Partners LLC boosted its stake in FMC by 3,642.9% during the 1st quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,785 shares during the last quarter. Essential Partners LLC purchased a new stake in shares of FMC during the first quarter worth $43,000. Finally, Parallel Advisors LLC grew its holdings in shares of FMC by 297.2% during the first quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock worth $108,000 after buying an additional 4,687 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Company Profile

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops, manufactures and markets crop protection products for farmers and other agricultural professionals. Its portfolio includes herbicides, insecticides and fungicides used to help protect crops from weeds, insects and diseases.

The company also develops biological and other crop health solutions, supported by research in areas such as plant science, chemistry and biotechnology. FMC’s products are used across a range of crops and growing conditions, and the company serves agricultural markets in North America, Latin America, Europe, Asia and other regions worldwide.

FMC traces its origins to 1883 and has evolved through acquisitions and investments in agricultural technology into a focused crop protection company.