FMC Corp. (FMC) Given Average Rating of “Hold” by Analysts
Shares of FMC Corp. (NYSE:FMC) have earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $46.80.
A number of analysts have weighed in on the company. BMO Capital Markets reiterated a “hold” rating on shares of FMC Corp. in a report on Friday, November 4th. Zacks Investment Research upgraded FMC Corp. from a “sell” rating to a “hold” rating and set a $59.00 price target for the company in a report on Friday, November 4th. Credit Suisse Group AG upgraded FMC Corp. from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $57.00 in a report on Friday, November 4th. Jefferies Group reiterated a “buy” rating and set a $58.00 price target on shares of FMC Corp. in a report on Thursday, September 29th. Finally, Susquehanna increased their price target on FMC Corp. from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 26th.
Several institutional investors have recently bought and sold shares of FMC. Tredje AP fonden boosted its position in FMC Corp. by 603.2% in the second quarter. Tredje AP fonden now owns 2,180 shares of the company’s stock valued at $101,000 after buying an additional 1,870 shares in the last quarter. IFP Advisors Inc boosted its position in FMC Corp. by 11,180.0% in the second quarter. IFP Advisors Inc now owns 2,256 shares of the company’s stock valued at $104,000 after buying an additional 2,236 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in FMC Corp. by 112.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,347 shares of the company’s stock valued at $109,000 after buying an additional 1,241 shares in the last quarter. Peoples Financial Services CORP. purchased a new position in FMC Corp. during the third quarter valued at approximately $119,000. Finally, Victory Capital Management Inc. boosted its position in FMC Corp. by 49.7% in the third quarter. Victory Capital Management Inc. now owns 2,555 shares of the company’s stock valued at $124,000 after buying an additional 848 shares in the last quarter. 94.70% of the stock is currently owned by hedge funds and other institutional investors.
FMC Corp. (NYSE:FMC) opened at 54.02 on Tuesday. The firm’s market cap is $7.23 billion. The firm’s 50-day moving average price is $48.58 and its 200-day moving average price is $47.61. FMC Corp. has a 12 month low of $32.24 and a 12 month high of $55.55.
FMC Corp. (NYSE:FMC) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. FMC Corp. had a positive return on equity of 18.06% and a negative net margin of 0.33%. The firm earned $808 million during the quarter, compared to the consensus estimate of $674.10 million. During the same period last year, the business posted $0.42 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that FMC Corp. will post $2.82 EPS for the current fiscal year.
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.
Receive News & Stock Ratings for FMC Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Corp. and related stocks with our FREE daily email newsletter.