FMC Corp Earns Neutral Rating from Zacks (FMC)
FMC Corp (NYSE:FMC)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Wednesday. They currently have a $69.00 target price on the stock. Zacks‘s price objective would indicate a potential upside of 4.59% from the company’s current price.
A number of other analysts have also recently weighed in on FMC. Analysts at Edward Jones upgraded shares of FMC Corp from a “hold” rating to a “buy” rating in a research note on Friday, August 15th. 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. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $80.70.
Shares of FMC Corp (NYSE:FMC) remained flat at $65.97 during during mid-day trading trading on Wednesday. 406,106 shares of the company’s stock traded hands. 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 $66.54 and a 200-day moving average of $73.1. The company has a market cap of $8.790 billion and a price-to-earnings ratio of 40.30.
FMC Corp (NYSE:FMC) last released its earnings data 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. Analysts expect that FMC Corp will post $4.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 16th. Shareholders 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.
FMC Corporation (NYSE:FMC) is a diversified chemical company.
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