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.
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.
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.
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