FMC Corp Rating Reiterated by Jefferies Group (FMC)
FMC Corp (NYSE:FMC)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Monday. They currently have a $74.00 target price on the stock, down from their previous target price of $78.00. Jefferies Group’s target price indicates a potential upside of 13.01% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of FMC Corp in a research note on Thursday, July 24th. They now have a $70.00 price target on the stock, up previously from $65.00. Separately, analysts at Goldman Sachs initiated coverage on shares of FMC Corp in a research note on Wednesday, July 2nd. They set a “neutral” rating on the stock. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of FMC Corp in a research note on Tuesday, June 24th. They now have a $92.00 price target on the stock, down previously from $98.00. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. FMC Corp has a consensus rating of “Hold” and an average price target of $81.80.
Shares of FMC Corp (NYSE:FMC) traded up 0.09% on Monday, hitting $65.54. 240,267 shares of the company’s stock traded hands. FMC Corp has a 52-week low of $64.44 and a 52-week high of $83.94. The stock has a 50-day moving average of $70.39 and a 200-day moving average of $74.22. The company has a market cap of $8.736 billion and a P/E ratio of 40.00.
FMC Corp (NYSE:FMC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.02 by $0.01. The company had revenue of $987.80 million for the quarter, compared to the consensus estimate of $961.12 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts expect that FMC Corp will post $4.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, September 26th.
FMC Corporation (NYSE:FMC) is a diversified chemical company.
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