Shares of FMC Corporation (NYSE:FMC) have earned an average recommendation of “Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $74.98.
Several equities analysts have recently commented on FMC shares. TheStreet raised shares of FMC Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Credit Suisse Group set a $77.00 price target on shares of FMC Corporation and gave the stock a “buy” rating in a research report on Monday, April 3rd. SunTrust Banks, Inc. raised shares of FMC Corporation from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $82.00 in a research report on Monday, April 3rd. They noted that the move was a valuation call. Seaport Global Securities raised shares of FMC Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, March 31st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $71.00 price target on shares of FMC Corporation in a research report on Tuesday, March 28th.
In related news, VP Andrea E. Utecht sold 14,434 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $74.62, for a total transaction of $1,077,065.08. Following the transaction, the vice president now owns 131,899 shares in the company, valued at $9,842,303.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Douglas sold 12,697 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $75.82, for a total transaction of $962,686.54. Following the transaction, the insider now owns 73,690 shares in the company, valued at approximately $5,587,175.80. The disclosure for this sale can be found here. Insiders have sold 41,489 shares of company stock worth $3,118,310 in the last quarter. Company insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FMC. Columbia Partners L L C Investment Management raised its position in FMC Corporation by 47.2% in the first quarter. Columbia Partners L L C Investment Management now owns 20,880 shares of the basic materials company’s stock valued at $1,453,000 after buying an additional 6,699 shares during the period. Aviance Capital Management LLC acquired a new position in FMC Corporation during the first quarter valued at about $200,000. Tower Research Capital LLC TRC raised its position in FMC Corporation by 70.8% in the first quarter. Tower Research Capital LLC TRC now owns 8,733 shares of the basic materials company’s stock valued at $608,000 after buying an additional 3,620 shares during the period. Cambridge Trust Co. acquired a new position in FMC Corporation during the first quarter valued at about $480,000. Finally, Bank of Nova Scotia acquired a new position in FMC Corporation during the first quarter valued at about $2,123,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.
Shares of FMC Corporation (NYSE:FMC) traded down 0.71% during midday trading on Friday, hitting $75.61. The company’s stock had a trading volume of 1,681,705 shares. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 283.18 and a beta of 1.61. FMC Corporation has a 12-month low of $41.80 and a 12-month high of $77.38. The firm has a 50-day moving average of $74.59 and a 200 day moving average of $64.80.
FMC Corporation (NYSE:FMC) last announced its earnings results on Tuesday, May 2nd. The basic materials company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.13. The business had revenue of $596 million for the quarter, compared to analyst estimates of $742.50 million. FMC Corporation had a net margin of 1.19% and a return on equity of 17.87%. On average, equities research analysts predict that FMC Corporation will post $2.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Friday, June 30th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. FMC Corporation’s dividend payout ratio is presently 235.72%.
FMC Corporation 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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