FMC’s (FMC) “Positive” Rating Reiterated at Loop Capital

FMC (NYSE:FMC)‘s stock had its “positive” rating reiterated by equities research analysts at Loop Capital in a research note issued to investors on Wednesday. They currently have a $111.00 price objective on the basic materials company’s stock, up from their previous price objective of $108.00. Loop Capital’s target price would indicate a potential upside of 30.19% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Citigroup raised FMC from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating on shares of FMC in a research note on Wednesday. Credit Suisse Group set a $106.00 price target on FMC and gave the stock an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. BMO Capital Markets lifted their price target on FMC from $80.00 to $90.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Finally, Bank of America lifted their price target on FMC from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. FMC currently has a consensus rating of “Buy” and a consensus target price of $97.63.

Shares of FMC (FMC) traded up $3.40 during trading on Wednesday, reaching $85.26. The company’s stock had a trading volume of 2,156,996 shares, compared to its average volume of 1,480,000. 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 cap of $11,450.00, a PE ratio of -133.22, a P/E/G ratio of 1.41 and a beta of 1.52. FMC has a 1-year low of $57.29 and a 1-year high of $98.70.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. The business had revenue of $979.60 million for the quarter, compared to analysts’ expectations of $993.57 million. FMC had a return on equity of 18.25% and a net margin of 18.61%. The business’s quarterly revenue was up 42.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. sell-side analysts forecast that FMC will post 5.37 earnings per share for the current year.

In other news, insider Nicholas Pfeiffer sold 375 shares of the business’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 transaction of $33,873.75. Following the transaction, the insider now directly owns 6,856 shares of the company’s stock, valued at $619,302.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of FMC during the fourth quarter valued at approximately $123,000. Assetmark Inc. boosted its position in shares of FMC by 212.2% during the fourth quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 1,012 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of FMC by 256.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 1,246 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of FMC during the fourth quarter valued at approximately $203,000. Finally, Roundview Capital LLC bought a new stake in shares of FMC during the fourth quarter valued at approximately $204,000. 90.81% of the stock is currently owned by hedge funds and other 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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