FMC Co. (NYSE:FMC) Receives $70.06 Consensus Price Target from Analysts

FMC Co. (NYSE:FMC) has been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $70.06.

FMC has been the topic of several research reports. Barclays initiated coverage on shares of FMC in a report on Wednesday. They set an “equal weight” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Loop Capital boosted their target price on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. UBS Group raised shares of FMC from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Finally, KeyCorp boosted their target price on shares of FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in FMC by 5.3% during the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after buying an additional 768,432 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of FMC by 15.3% in the fourth quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock valued at $791,137,000 after purchasing an additional 1,666,096 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of FMC by 35.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after purchasing an additional 1,316,133 shares during the last quarter. Tweedy Browne Co LLC increased its holdings in FMC by 105.1% during the fourth quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock worth $186,745,000 after buying an additional 1,518,053 shares during the last quarter. Finally, Boston Partners increased its holdings in FMC by 2.2% during the fourth quarter. Boston Partners now owns 2,428,010 shares of the basic materials company’s stock worth $153,030,000 after buying an additional 53,408 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Price Performance

FMC stock opened at $57.55 on Thursday. The firm has a market cap of $7.18 billion, a P/E ratio of 6.42, a P/E/G ratio of 1.18 and a beta of 0.88. 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’s 50-day moving average price is $59.90 and its two-hundred day moving average price is $59.30. FMC has a 12 month low of $49.49 and a 12 month high of $106.87.

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

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors 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 dividend on an annualized basis and a dividend yield of 4.03%. FMC’s payout ratio is presently 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.