FMC Corp Receives Average Rating of “Hold” from Analysts (NYSE:FMC)
Shares of FMC Corp (NYSE:FMC) have received an average rating of “Hold” from the twelve brokerages that are covering the stock, Analyst Ratings.Net reports. Seven research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $82.00.
FMC Corp (NYSE:FMC) opened at 66.04 on Wednesday. FMC Corp has a 1-year low of $64.05 and a 1-year high of $83.94. The stock has a 50-day moving average of $67.90 and a 200-day moving average of $73.55. The company has a market cap of $8.799 billion and a price-to-earnings ratio of 40.32.
FMC Corp (NYSE:FMC) last announced its earnings results on Wednesday, July 30th. The company reported $1.01 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.94 earnings per share. FMC Corp’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that FMC Corp will post $4.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 16th. Stockholders 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 0.91%. The ex-dividend date of this dividend is Friday, September 26th.
A number of analysts have recently weighed in on FMC shares. Analysts at Edward Jones upgraded shares of FMC Corp from a “hold” rating to a “buy” rating in a research note on Friday. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of FMC Corp in a research note on Monday, August 4th. They now have a $74.00 price target on the stock, down previously from $78.00. Finally, 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.
FMC Corporation (NYSE:FMC) is a diversified chemical company.
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