FMC’s (FMC) Buy Rating Reiterated at KeyCorp
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.
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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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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