FMC Corp. Hits New 52-Week High at $72.37 (FMC)
Shares of FMC Corp. (NYSE:FMC) hit a new 52-week high during trading on Monday, Stock Ratings Network reports. The stock traded as high as $72.37 and last traded at $72.07, with a volume of 274,376 shares trading hands. The stock had previously closed at $72.24.
A number of analysts have recently weighed in on FMC shares. Analysts at Piper Jaffray Cos. initiated coverage on shares of FMC Corp. in a research note to investors on Tuesday, August 27th. They set an “overweight” rating and a $78.00 price target on the stock. Analysts at Jefferies Group raised their price target on shares of FMC Corp. from $68.00 to $75.00 in a research note to investors on Wednesday, July 31st. They now have an “in-line” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.56.
FMC Corp. has a 1-year low of $50.76 and a 1-year high of $72.35. The stock’s 50-day moving average is $69.82 and its 200-day moving average is $63.86. The company has a market cap of $9.843 billion and a price-to-earnings ratio of 22.59.
FMC Corp. (NYSE:FMC) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.94. The company had revenue of $959.40 million for the quarter, compared to the consensus estimate of $964.32 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that FMC Corp. will post $3.84 earnings per share for the current fiscal year.
FMC Corporation (NYSE:FMC), is a diversified chemical company.
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