FMC Corp Receives Buy Rating from Jefferies Group (FMC)
FMC Corp (NYSE:FMC)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group in a research report issued on Monday. They currently have a $85.00 price target on the stock, down from their previous price target of $88.00. Jefferies Group’s target price points to a potential upside of 13.71% from the company’s current price.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of FMC Corp in a research note on Monday, June 2nd. They now have a $80.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $83.60.
Shares of FMC Corp (NYSE:FMC) traded down 3.68% during mid-day trading on Monday, hitting $72.00. The stock had a trading volume of 1,577,476 shares. FMC Corp has a 1-year low of $60.57 and a 1-year high of $83.94. The stock’s 50-day moving average is $75.52 and its 200-day moving average is $75.20. The company has a market cap of $9.588 billion and a price-to-earnings ratio of 43.92.
FMC Corp (NYSE:FMC) last released its earnings data on Tuesday, May 6th. The company reported $0.95 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.95. The company had revenue of $942.00 million for the quarter, compared to the consensus estimate of $927.24 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that FMC Corp will post $4.44 EPS for the current fiscal year.
FMC Corporation (NYSE:FMC) is a diversified chemical company.
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