FMC Corp. (FMC) Given Average Rating of “Hold” by Brokerages
FMC Corp. (NYSE:FMC) has received a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $43.80.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded FMC Corp. from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, June 15th. Credit Suisse Group AG reiterated a “hold” rating and set a $44.00 target price on shares of FMC Corp. in a research report on Wednesday, August 3rd. Citigroup Inc. increased their target price on FMC Corp. from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. KeyCorp reiterated a “buy” rating on shares of FMC Corp. in a research report on Wednesday, June 29th. Finally, Nomura reiterated a “hold” rating on shares of FMC Corp. in a research report on Tuesday, July 12th.
Several institutional investors have recently made changes to their positions in the company. Tredje AP fonden raised its stake in shares of FMC Corp. by 603.2% in the second quarter. Tredje AP fonden now owns 2,180 shares of the company’s stock worth $101,000 after buying an additional 1,870 shares in the last quarter. IFP Advisors Inc raised its stake in shares of FMC Corp. by 11,180.0% in the second quarter. IFP Advisors Inc now owns 2,256 shares of the company’s stock worth $104,000 after buying an additional 2,236 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of FMC Corp. by 112.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,347 shares of the company’s stock worth $109,000 after buying an additional 1,241 shares in the last quarter. Advisor Group Inc. acquired a new stake in shares of FMC Corp. during the second quarter worth about $155,000. Finally, Investment Counselors of Maryland LLC raised its stake in shares of FMC Corp. by 3.0% in the second quarter. Investment Counselors of Maryland LLC now owns 3,394 shares of the company’s stock worth $157,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.55% of the company’s stock.
Shares of FMC Corp. (NYSE:FMC) traded down 1.80% during mid-day trading on Tuesday, reaching $46.98. The company’s stock had a trading volume of 284,721 shares. FMC Corp. has a 52-week low of $32.24 and a 52-week high of $50.57. The company has a 50-day moving average price of $47.44 and a 200 day moving average price of $46.25. The company’s market cap is $6.29 billion.
FMC Corp. (NYSE:FMC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. FMC Corp. had a positive return on equity of 16.35% and a negative net margin of 2.79%. The firm had revenue of $810.30 million for the quarter, compared to the consensus estimate of $889.70 million. During the same quarter last year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. Equities analysts expect that FMC Corp. will post $2.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Wednesday, September 28th. FMC Corp.’s dividend payout ratio (DPR) is -94.29%.
About FMC Corp.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
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