FMC Corp’s “Outperform” Rating Reaffirmed at Credit Suisse (FMC)
FMC Corp (NYSE:FMC)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday. They currently have a $84.00 price objective on the stock, down from their previous price objective of $97.00. Credit Suisse’s price target suggests a potential upside of 18.14% from the stock’s previous close.
Shares of FMC Corp (NYSE:FMC) traded up 0.51% during mid-day trading on Tuesday, hitting $71.46. The stock had a trading volume of 673,894 shares. FMC Corp has a one year low of $60.57 and a one year high of $83.94. The stock’s 50-day moving average is $75.38 and its 200-day moving average is $75.21. The company has a market cap of $9.516 billion and a price-to-earnings ratio of 41.77.
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 $4.32 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FMC. Analysts at Jefferies Group reiterated a “buy” rating on shares of FMC Corp in a research note on Monday. They now have a $85.00 price target on the stock, down previously from $88.00. 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 issued a hold rating and four have assigned a buy rating to the company. FMC Corp has a consensus rating of “Hold” and a consensus target price of $82.30.
FMC Corporation (NYSE:FMC) is a diversified chemical company.
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