FMC Corp (NYSE:FMC) has been given an average recommendation of “Buy” by the twenty-three brokerages that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $96.33.
FMC has been the topic of a number of recent analyst reports. Loop Capital set a $106.00 price objective on shares of FMC and gave the company a “buy” rating in a research report on Monday, December 11th. Bank of America increased their price objective on shares of FMC from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. BMO Capital Markets increased their price objective on shares of FMC from $80.00 to $90.00 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Goldman Sachs Group initiated coverage on shares of FMC in a research report on Monday, December 4th. They issued a “neutral” rating and a $98.00 price objective on the stock. Finally, KeyCorp increased their price objective on shares of FMC from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, October 16th.
In related news, insider Nicholas Pfeiffer sold 375 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the transaction, the insider now directly owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.
Shares of FMC (FMC) opened at $89.86 on Friday. The stock has a market cap of $12,060.00, a P/E ratio of 61.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.61. FMC has a fifty-two week low of $56.53 and a fifty-two week high of $98.70. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70.
FMC (NYSE:FMC) last released its earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The company had revenue of $646.20 million for the quarter, compared to analyst estimates of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. equities analysts predict that FMC will post 2.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Thursday, December 28th. FMC’s dividend payout ratio (DPR) is 45.21%.
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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