FMC (NYSE:FMC)‘s stock had its “outperform” rating reaffirmed by investment analysts at Credit Suisse Group in a research report issued on Tuesday, The Fly reports. They currently have a $111.00 price target on the basic materials company’s stock, up from their prior price target of $102.00. Credit Suisse Group’s price objective points to a potential upside of 13.40% from the company’s previous close.

A number of other equities analysts have also recently weighed in on FMC. Zacks Investment Research cut shares of FMC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. BMO Capital Markets upped their price objective on shares of FMC from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Loop Capital began coverage on shares of FMC in a research report on Thursday, September 28th. They set a “buy” rating and a $102.00 price objective for the company. KeyCorp restated a “buy” rating and set a $112.00 price objective on shares of FMC in a research report on Monday, December 4th. Finally, Piper Jaffray Companies set a $85.00 price objective on shares of FMC and gave the stock a “hold” rating in a research report on Friday, October 6th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $95.25.

FMC (NYSE:FMC) opened at $97.88 on Tuesday. 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 cap of $13,141.54, a price-to-earnings ratio of 575.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. FMC has a 12-month low of $56.53 and a 12-month high of $98.70.

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

In related news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the sale, the insider now directly owns 6,856 shares in the company, valued at $619,302.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can increased its position in FMC by 0.6% during the third quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock worth $8,077,000 after purchasing an additional 572 shares during the last quarter. Gabelli Funds LLC increased its position in FMC by 1.8% during the third quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after purchasing an additional 600 shares during the last quarter. Hanseatic Management Services Inc. increased its position in FMC by 13.3% during the second 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 during the last quarter. Advisor Partners LLC acquired a new stake in FMC during the third quarter worth about $216,000. Finally, Achmea Investment Management B.V. acquired a new stake in FMC during the third quarter worth about $246,000. Hedge funds and other institutional investors own 89.30% 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.

The Fly

Analyst Recommendations for FMC (NYSE:FMC)

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