FMC Co. (NYSE:FMC) Receives $62.92 Consensus Target Price from Brokerages

FMC Co. (NYSE:FMC) has received an average recommendation of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $63.25.

FMC has been the subject of several recent analyst reports. KeyCorp cut their price objective on shares of 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 objective on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Citigroup cut their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho lowered their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Bank of America raised FMC from an “underperform” rating to a “neutral” rating and lowered their target price for the stock from $63.00 to $61.00 in a research note on Tuesday.

Insider Activity

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by insiders.

Institutional Trading of FMC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMC. Hedges Asset Management LLC boosted its holdings in shares of FMC by 25.0% during the 4th quarter. Hedges Asset Management LLC now owns 20,000 shares of the basic materials company’s stock worth $972,000 after buying an additional 4,000 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of FMC during the 4th quarter worth approximately $345,000. Legacy Wealth Asset Management LLC boosted its holdings in shares of FMC by 37.9% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,546 shares of the basic materials company’s stock worth $610,000 after buying an additional 3,446 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of FMC by 6.2% in the 4th quarter. Park Avenue Securities LLC now owns 5,024 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 293 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in shares of FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock worth $11,050,000 after purchasing an additional 39,230 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Trading Down 0.1 %

Shares of FMC stock opened at $53.48 on Monday. The firm has a 50-day moving average of $53.89 and a 200-day moving average of $58.97. The stock has a market cap of $6.68 billion, a PE ratio of 4.60, a PEG ratio of 0.96 and a beta of 0.83. FMC has a 52-week low of $47.71 and a 52-week high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. FMC’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that FMC will post 3.34 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Tuesday, December 31st. FMC’s dividend payout ratio is currently 19.97%.

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.