FMC Co. (NYSE:FMC) Receives $62.92 Consensus PT from Brokerages

Shares of FMC Co. (NYSE:FMC) have received an average recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $63.25.

FMC has been the topic of a number of research reports. Mizuho cut their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their price target on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup reduced their price objective 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. KeyCorp dropped their target price on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Finally, UBS Group cut their price target on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, December 20th.

Insider Buying and Selling at FMC

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

Institutional Investors Weigh In On FMC

Several large investors have recently made changes to their positions in FMC. Millburn Ridgefield Corp boosted its stake in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 246 shares in the last quarter. Mather Group LLC. boosted its position in shares of FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares during the period. Peterson Financial Group Inc. acquired a new position in shares of FMC during the third quarter worth about $51,000. Finally, Brooklyn Investment Group bought a new position in shares of FMC during the third quarter worth about $52,000. Institutional investors own 91.86% of the company’s stock.

FMC Stock Performance

FMC stock opened at $53.47 on Monday. The company has a 50 day moving average price of $54.31 and a 200 day moving average price of $59.07. FMC has a fifty-two week low of $47.71 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market capitalization of $6.67 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83.

FMC (NYSE:FMC) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts forecast that FMC will post 3.35 EPS for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 4.34%. FMC’s dividend payout ratio is presently 19.97%.

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.