FMC (FMC) Rating Reiterated by Royal Bank Of Canada

FMC (NYSE:FMC)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a report released on Thursday, November 9th, Marketbeat Ratings reports. They currently have a $110.00 target price on the basic materials company’s stock, up from their prior target price of $102.00. Royal Bank Of Canada’s price objective suggests a potential upside of 16.40% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Bank of America raised shares of FMC from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $66.00 to $103.00 in a report on Thursday, August 31st. Zacks Investment Research lowered shares of FMC from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Robert W. Baird reaffirmed a “hold” rating and set a $86.00 price objective on shares of FMC in a report on Tuesday, September 12th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $85.00 price objective on shares of FMC in a report on Tuesday, September 5th. Finally, Seaport Global Securities lowered shares of FMC from a “buy” rating to a “neutral” rating and lowered their price target for the company from $82.00 to $80.00 in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. FMC has an average rating of “Buy” and a consensus price target of $90.94.

FMC (FMC) opened at $94.50 on Thursday. The company has a market cap of $12,702.51, a PE ratio of 38.00, a price-to-earnings-growth ratio of 3.17 and a beta of 1.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. FMC has a one year low of $54.75 and a one year high of $95.25.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. equities analysts expect that FMC will post 2.65 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in FMC by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 515,431 shares of the basic materials company’s stock valued at $35,840,000 after acquiring an additional 37,011 shares in the last quarter. Schroder Investment Management Group lifted its position in FMC by 692.7% in the 2nd quarter. Schroder Investment Management Group now owns 32,500 shares of the basic materials company’s stock valued at $2,384,000 after acquiring an additional 28,400 shares in the last quarter. Oakbrook Investments LLC lifted its position in FMC by 27.9% in the 3rd quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock valued at $1,187,000 after acquiring an additional 2,900 shares in the last quarter. Dorsey Wright & Associates bought a new stake in FMC in the 2nd quarter valued at $1,667,000. Finally, Hanseatic Management Services Inc. lifted its position in FMC by 13.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock valued at $1,048,000 after acquiring an additional 1,688 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

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FMC Company Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

Analyst Recommendations for FMC (NYSE:FMC)

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