KeyCorp Issues Pessimistic Forecast for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMC) had its price target lowered by stock analysts at KeyCorp from $55.00 to $51.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price target suggests a potential upside of 35.56% from the stock’s previous close.

A number of other analysts have also recently commented on the company. BMO Capital Markets cut their target price on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Vertical Research upgraded shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a report on Friday. Barclays reduced their price objective on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Citigroup lifted their price objective on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, FMC has an average rating of “Hold” and an average target price of $52.23.

FMC Stock Up 2.7 %

Shares of NYSE:FMC traded up $1.00 on Tuesday, hitting $37.62. 272,055 shares of the company’s stock were exchanged, compared to its average volume of 2,961,564. FMC has a 1-year low of $33.80 and a 1-year high of $68.72. The company has a market capitalization of $4.70 billion, a PE ratio of 13.85, a P/E/G ratio of 1.75 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.64. The firm’s 50-day moving average is $49.36 and its 200 day moving average is $57.39.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Sell-side analysts predict that FMC will post 3.53 EPS for the current year.

Insider Buying and Selling

In other news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Institutional Trading of FMC

A number of institutional investors have recently added to or reduced their stakes in FMC. Millburn Ridgefield Corp boosted its position in shares of FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after buying an additional 324 shares during the period. First Horizon Advisors Inc. boosted its holdings in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 246 shares during the period. Golden State Wealth Management LLC purchased a new position in FMC in the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 511 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of FMC during the fourth quarter worth $37,000. 91.86% of the stock is owned by hedge funds and other 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.