FMC (FMC) Now Covered by Analysts at Stephens
Investment analysts at Stephens started coverage on shares of FMC (NYSE:FMC) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set an “equal weight” rating and a $91.00 price target on the basic materials company’s stock. Stephens’ price target would indicate a potential downside of 0.51% from the company’s previous close.
FMC has been the topic of a number of other reports. Susquehanna Bancshares increased their price target on FMC from $86.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, August 8th. Instinet upgraded FMC from a “neutral” rating to a “buy” rating and increased their price target for the stock from $78.00 to $97.00 in a report on Wednesday, August 9th. Jefferies Group set a $100.00 price target on FMC and gave the stock a “buy” rating in a report on Monday, August 14th. Bank of America upgraded FMC from an “underperform” rating to a “buy” rating and increased their price target for the stock from $66.00 to $103.00 in a report on Thursday, August 31st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $85.00 price target on shares of FMC in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $92.27.
FMC (FMC) traded down $2.46 during trading hours on Monday, reaching $91.47. 1,350,600 shares of the company’s stock were exchanged, compared to its average volume of 1,275,518. The firm has a market cap of $12,611.21, a P/E ratio of 37.72, a PEG ratio of 3.15 and a beta of 1.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. FMC has a twelve month low of $55.79 and a twelve month high of $95.25.
Several institutional investors and hedge funds have recently modified their holdings of FMC. Advisor Partners LLC bought a new position in shares of FMC in the 3rd quarter worth $216,000. Achmea Investment Management B.V. bought a new position in shares of FMC in the 3rd quarter worth $246,000. Nordea Investment Management AB lifted its holdings in shares of FMC by 99.7% in the 3rd quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 4,015 shares in the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of FMC in the 3rd quarter worth $831,000. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of FMC by 13.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after purchasing an additional 1,688 shares in the last quarter. Institutional investors own 89.34% of the company’s stock.
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FMC Company Profile
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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