FMC Co. (NYSE:FMC) Receives $70.06 Average PT from Analysts

Shares of FMC Co. (NYSE:FMC) have been assigned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $70.06.

A number of analysts recently issued reports on the company. UBS Group raised FMC from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. StockNews.com upgraded shares of FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Loop Capital upped their price target on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company upped their target price on FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Legacy Wealth Asset Management LLC grew its position in FMC by 4.6% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 4,007 shares of the basic materials company’s stock worth $255,000 after acquiring an additional 175 shares during the last quarter. Taylor Frigon Capital Management LLC increased its stake in shares of FMC by 1.5% in the first quarter. Taylor Frigon Capital Management LLC now owns 12,581 shares of the basic materials company’s stock worth $801,000 after buying an additional 183 shares during the period. Wahed Invest LLC raised its holdings in FMC by 9.5% during the 4th quarter. Wahed Invest LLC now owns 2,131 shares of the basic materials company’s stock valued at $134,000 after buying an additional 184 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in FMC by 27.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 866 shares of the basic materials company’s stock valued at $55,000 after buying an additional 188 shares during the period. Finally, WCM Investment Management LLC grew its holdings in FMC by 2.1% in the 1st quarter. WCM Investment Management LLC now owns 9,358 shares of the basic materials company’s stock worth $596,000 after acquiring an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Price Performance

FMC opened at $56.60 on Thursday. The firm has a 50-day moving average price of $59.87 and a 200-day moving average price of $59.28. FMC has a twelve month low of $49.49 and a twelve month high of $106.87. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 1.19 and a beta of 0.84.

FMC (NYSE:FMC) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The business had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The business’s revenue for the quarter was down 31.7% compared to the same quarter last year. Equities analysts expect that FMC will post 3.6 EPS for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 annualized dividend and a yield of 4.10%. FMC’s payout ratio is 25.89%.

FMC Company Profile

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.