A number of research firms have changed their ratings and price targets for FMC Corporation (NYSE: FMC):

  • 7/14/2017 – FMC Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FMC Corp. has outperformed the Zacks categorized Chemicals-Diversified industry over a year. FMC Corp. should gain from its efforts to expand product portfolio. The company is also seeing strong demand in its Lithium unit and is expanding production capacity to meet growing demand for electric vehicles. Moreover, FMC Corp. will benefit from the cost synergies of the Cheminova buyout. The proposed acquisition of a major portion of DuPont's Crop Protection business has also provided a significant growth platform for the company's Agricultural Solutions unit. However, FMC Corp. is faced with challenging agriculture market fundamentals, especially in North America. It is also exposed to currency headwinds. The company’s stretched valuation is another concern.”
  • 7/13/2017 – FMC Corporation had its price target raised by analysts at Jefferies Group LLC from $84.00 to $100.00. They now have a “buy” rating on the stock.
  • 7/12/2017 – FMC Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $83.00 price target on the stock.
  • 7/10/2017 – FMC Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “FMC Corp. has outperformed the Zacks categorized Chemicals-Diversified industry over a year. FMC Corp. should gain from its efforts to expand product portfolio. The company is also seeing strong demand in its Lithium unit and is expanding production capacity to meet growing demand for electric vehicles. Moreover, FMC Corp. will benefit from the cost synergies of the Cheminova buyout. The proposed acquisition of a major portion of DuPont's Crop Protection business has also provided a significant growth platform for the company's Agricultural Solutions unit.”
  • 7/6/2017 – FMC Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $84.00 price target on the stock.
  • 6/26/2017 – FMC Corporation was given a new $85.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 6/5/2017 – FMC Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $83.00 price target on the stock.
  • 5/24/2017 – FMC Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.

FMC Corporation (FMC) traded up 0.38% during trading on Monday, hitting $76.78. The company’s stock had a trading volume of 738,957 shares. The company has a 50-day moving average of $75.10 and a 200 day moving average of $65.96. FMC Corporation has a one year low of $44.40 and a one year high of $77.38. The firm has a market cap of $10.29 billion, a PE ratio of 287.57 and a beta of 1.62.

FMC Corporation (NYSE:FMC) last announced its earnings results on Tuesday, May 2nd. The basic materials company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.13. FMC Corporation had a return on equity of 17.87% and a net margin of 1.19%. The business had revenue of $596 million for the quarter, compared to analyst estimates of $742.50 million. On average, equities analysts forecast that FMC Corporation will post $2.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. FMC Corporation’s dividend payout ratio (DPR) is 235.72%.

In other news, Director William Howard Powell sold 3,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $72.73, for a total transaction of $218,190.00. Following the completion of the sale, the director now owns 17,554 shares in the company, valued at $1,276,702.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric Norris sold 11,358 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $75.75, for a total transaction of $860,368.50. Following the sale, the insider now owns 28,750 shares of the company’s stock, valued at approximately $2,177,812.50. The disclosure for this sale can be found here. Insiders have sold 41,489 shares of company stock valued at $3,118,310 in the last quarter. Insiders own 1.10% of the company’s stock.

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

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