FMC Corp. (FMC) Given Average Rating of “Hold” by Brokerages
Shares of FMC Corp. (NYSE:FMC) have earned an average recommendation of “Hold” from the fifteen analysts that are covering the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.80.
Several research analysts have recently commented on FMC shares. Citigroup Inc. raised their price target on FMC Corp. from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Jefferies Group restated a “buy” rating and set a $58.00 price target on shares of FMC Corp. in a research report on Thursday, September 29th. Nomura restated a “hold” rating on shares of FMC Corp. in a research report on Tuesday, July 12th. Susquehanna raised their price target on FMC Corp. from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of FMC Corp. in a research report on Monday, June 27th.
Shares of FMC Corp. (NYSE:FMC) traded down 1.80% on Tuesday, reaching $46.98. The company had a trading volume of 284,721 shares. The firm’s market capitalization is $6.29 billion. The firm’s 50 day moving average is $47.44 and its 200 day moving average is $46.25. FMC Corp. has a 12 month low of $32.24 and a 12 month high of $50.57.
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FMC Corp. (NYSE:FMC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. The company earned $810.30 million during the quarter, compared to analyst estimates of $889.70 million. FMC Corp. had a positive return on equity of 16.35% and a negative net margin of 2.79%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities research analysts expect that FMC Corp. will post $2.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, September 28th. FMC Corp.’s dividend payout ratio is presently -94.29%.
A number of hedge funds have recently bought and sold shares of the stock. Addison Capital Co raised its position in shares of FMC Corp. by 0.4% in the third quarter. Addison Capital Co now owns 31,968 shares of the company’s stock valued at $1,545,000 after buying an additional 130 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of FMC Corp. during the second quarter valued at about $250,000. Kentucky Retirement Systems purchased a new position in shares of FMC Corp. during the second quarter valued at about $527,000. Mason Street Advisors LLC purchased a new position in shares of FMC Corp. during the second quarter valued at about $834,000. Finally, IFP Advisors Inc raised its position in shares of FMC Corp. by 11,180.0% in the second quarter. IFP Advisors Inc now owns 2,256 shares of the company’s stock valued at $104,000 after buying an additional 2,236 shares during the last quarter. Institutional investors own 94.55% of the company’s stock.
About FMC Corp.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
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