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.

FMC (NYSE:FMC) last released its earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $646.20 million during the quarter, compared to the consensus estimate of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. research analysts expect that FMC will post 2.65 EPS for the current fiscal year.

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.

Analyst Recommendations for FMC (NYSE:FMC)

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