FMC (NYSE:FMC) PT Raised to $65.00 at BMO Capital Markets

FMC (NYSE:FMC) had its target price hoisted by investment analysts at BMO Capital Markets from $60.00 to $65.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price target indicates a potential upside of 4.52% from the stock’s current price.

FMC has been the topic of a number of other research reports. Mizuho lifted their price objective on FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Wells Fargo & Company reduced their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, KeyCorp reduced their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average target price of $69.82.

FMC Stock Down 3.3 %

Shares of FMC opened at $62.19 on Friday. The firm has a market cap of $7.76 billion, a P/E ratio of 6.94, a PEG ratio of 1.65 and a beta of 0.84. The stock’s 50 day moving average is $57.75 and its two-hundred day moving average is $58.78. FMC has a 12 month low of $49.49 and a 12 month high of $94.07. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 0.66.

FMC (NYSE:FMC) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. Analysts predict that FMC will post 3.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in FMC during the 1st quarter worth approximately $27,000. Financial Connections Group Inc. acquired a new stake in FMC during the 4th quarter worth approximately $31,000. Benjamin F. Edwards & Company Inc. lifted its position in FMC by 114.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 303 shares during the period. LRI Investments LLC acquired a new stake in FMC during the 1st quarter worth approximately $39,000. Finally, UMB Bank n.a. lifted its position in FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

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.