FMC (NYSE:FMC) Rating Lowered to Hold at Loop Capital

FMC (NYSE:FMCGet Free Report) was downgraded by stock analysts at Loop Capital from a “buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat reports. They presently have a $55.00 price objective on the basic materials company’s stock, down from their prior price objective of $68.00. Loop Capital’s target price would suggest a potential upside of 6.28% from the company’s previous close.

A number of other brokerages have also issued reports on FMC. StockNews.com raised FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. BMO Capital Markets lowered their price objective on FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. The Goldman Sachs Group reiterated a “neutral” rating and set a $59.00 price target (down previously from $135.00) on shares of FMC in a report on Tuesday, October 24th. KeyCorp reduced their target price on shares of FMC from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price target (down previously from $100.00) on shares of FMC in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.53.

Read Our Latest Report on FMC

FMC Stock Down 0.6 %

FMC stock opened at $51.75 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. The stock has a market capitalization of $6.46 billion, a PE ratio of 4.91, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88. The business has a 50 day simple moving average of $58.58 and a 200-day simple moving average of $66.21. FMC has a 12 month low of $49.49 and a 12 month high of $131.77.

FMC (NYSE:FMCGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. During the same period in the previous year, the firm posted $2.37 EPS. On average, analysts anticipate that FMC will post 3.97 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert C. Pallash purchased 3,845 shares of the business’s stock in a transaction on Monday, November 27th. The shares were bought at an average price of $52.48 per share, for a total transaction of $201,785.60. Following the acquisition, the director now directly owns 47,871 shares in the company, valued at $2,512,270.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On FMC

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in FMC by 1.9% in the first quarter. Vanguard Group Inc. now owns 14,067,888 shares of the basic materials company’s stock valued at $1,850,913,000 after buying an additional 258,552 shares in the last quarter. BlackRock Inc. raised its position in shares of FMC by 2.0% during the 1st quarter. BlackRock Inc. now owns 11,637,405 shares of the basic materials company’s stock worth $1,421,276,000 after acquiring an additional 228,436 shares in the last quarter. Wellington Management Group LLP lifted its stake in FMC by 17.7% during the third quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock worth $728,745,000 after purchasing an additional 1,634,535 shares during the last quarter. State Street Corp boosted its holdings in FMC by 1.2% in the second quarter. State Street Corp now owns 5,753,525 shares of the basic materials company’s stock valued at $603,597,000 after purchasing an additional 70,005 shares in the last quarter. Finally, Boston Partners boosted its holdings in FMC by 12.6% in the second quarter. Boston Partners now owns 2,958,032 shares of the basic materials company’s stock valued at $308,535,000 after purchasing an additional 330,228 shares in the last quarter. 86.91% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

(Get Free Report)

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.

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Analyst Recommendations for FMC (NYSE:FMC)

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