FMC Corp (FMC) Receives Average Rating of “Buy” from Analysts

FMC Corp (NYSE:FMC) has been given a consensus rating of “Buy” by the twenty-three brokerages that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $96.33.

A number of equities analysts have weighed in on the company. Credit Suisse Group set a $111.00 price target on FMC and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded FMC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. Bank of America boosted their price target on FMC from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BMO Capital Markets boosted their price target on 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. Finally, Goldman Sachs Group assumed coverage on FMC in a research report on Monday, December 4th. They set a “neutral” rating and a $98.00 price target on the stock.

Shares of FMC (NYSE FMC) opened at $81.86 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $10,990.00, a PE ratio of 56.07, a P/E/G ratio of 1.37 and a beta of 1.52. FMC has a 12-month low of $57.29 and a 12-month high of $98.70.

FMC (NYSE:FMC) last released its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. The business had revenue of $979.60 million for the quarter, compared to the consensus estimate of $993.57 million. FMC had a return on equity of 16.77% and a net margin of 0.78%. FMC’s quarterly revenue was up 42.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. research analysts expect that FMC will post 2.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, December 28th. FMC’s payout ratio is 45.21%.

In other news, insider Nicholas Pfeiffer sold 375 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the transaction, the insider now owns 6,856 shares of the company’s stock, valued at $619,302.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of FMC. Oakbrook Investments LLC grew its position in shares of FMC by 27.9% in the third quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock valued at $1,187,000 after purchasing an additional 2,900 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of FMC by 12.0% in the third quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock valued at $24,911,000 after purchasing an additional 29,858 shares during the last quarter. Aperio Group LLC boosted its stake in shares of FMC by 6.4% in the third quarter. Aperio Group LLC now owns 49,289 shares of the basic materials company’s stock valued at $4,402,000 after buying an additional 2,960 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of FMC by 4.2% in the third quarter. Canada Pension Plan Investment Board now owns 228,373 shares of the basic materials company’s stock valued at $20,396,000 after buying an additional 9,303 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of FMC by 1.8% in the third quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock valued at $3,090,000 after buying an additional 600 shares during the period. 90.81% of the stock is currently owned by institutional investors.

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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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