FMC (NYSE:FMC)‘s stock had its “buy” rating reiterated by investment analysts at KeyCorp in a research report issued on Monday. They presently have a $112.00 price objective on the basic materials company’s stock. KeyCorp’s price target would indicate a potential upside of 22.44% from the company’s current price. KeyCorp also issued estimates for FMC’s FY2018 earnings at $5.50 EPS.

A number of other brokerages have also issued reports on FMC. Piper Jaffray Companies set a $85.00 price target on FMC and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research lowered FMC from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. Jefferies Group reissued a “buy” rating and issued a $100.00 price target on shares of FMC in a research note on Friday, September 15th. Bank of America raised FMC from an “underperform” rating to a “buy” rating and raised their price target for the stock from $66.00 to $103.00 in a research note on Thursday, August 31st. Finally, Loop Capital started coverage on FMC in a research note on Thursday, September 28th. They issued a “buy” rating and a $102.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $92.61.

FMC (FMC) traded down $2.46 on Monday, hitting $91.47. The company had a trading volume of 1,350,600 shares, compared to its average volume of 1,275,518. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $12,130.00, a price-to-earnings ratio of 37.72, a P/E/G ratio of 3.15 and a beta of 1.61. FMC has a fifty-two week low of $55.79 and a fifty-two week high of $95.25.

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

Hedge funds have recently bought and sold shares of the business. Advisor Partners LLC purchased a new stake in FMC during the 3rd quarter worth approximately $216,000. Achmea Investment Management B.V. purchased a new stake in FMC during the 3rd quarter worth approximately $246,000. Nordea Investment Management AB increased its holdings in FMC by 99.7% during 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 during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in FMC during the 3rd quarter worth approximately $831,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in FMC by 28.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,815 shares of the basic materials company’s stock worth $1,145,000 after purchasing an additional 2,860 shares during the last quarter. Institutional investors own 89.34% of the company’s stock.

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About FMC

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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