Mizuho Has Lowered Expectations for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMC) had its price target lowered by Mizuho from $70.00 to $55.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

FMC has been the topic of a number of other reports. Royal Bank of Canada boosted their target price on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. KeyCorp cut their target price on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Citigroup decreased their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.92.

FMC Stock Performance

NYSE FMC opened at $50.39 on Tuesday. The firm has a market capitalization of $6.29 billion, a P/E ratio of 4.34, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average price is $55.01 and its two-hundred day moving average price is $59.15. FMC has a 1 year low of $47.71 and a 1 year high of $68.72.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.44 EPS. FMC’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, research analysts anticipate that FMC will post 3.35 EPS for the current year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is currently 19.97%.

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On FMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commerce Bank raised its holdings in shares of FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after buying an additional 183 shares in the last quarter. Dark Forest Capital Management LP increased its position in FMC by 3.1% during the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock worth $372,000 after purchasing an additional 192 shares in the last quarter. First Horizon Advisors Inc. boosted its position in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of FMC by 24.3% during the second quarter. Benjamin Edwards Inc. now owns 1,326 shares of the basic materials company’s stock worth $76,000 after buying an additional 259 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of FMC by 5.9% during the third quarter. V Square Quantitative Management LLC now owns 4,747 shares of the basic materials company’s stock worth $313,000 after buying an additional 265 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

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.