FMC Corp. (FMC) Upgraded at Piper Jaffray Cos.
FMC Corp. (NYSE:FMC) was upgraded by Piper Jaffray Cos. to a “neutral” rating in a research report issued to clients and investors on Monday.
Several other research firms also recently weighed in on FMC. Nomura reiterated a “hold” rating on shares of FMC Corp. in a research report on Thursday, November 3rd. Jefferies Group reiterated a “buy” rating and set a $58.00 target price on shares of FMC Corp. in a research report on Thursday, September 29th. Susquehanna lifted their target price on FMC Corp. from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 26th. 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. Finally, Zacks Investment Research upgraded FMC Corp. from a “sell” rating to a “hold” rating and set a $59.00 target price on the stock in a research report on Friday, November 4th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.67.
Shares of FMC Corp. (NYSE:FMC) opened at 55.11 on Monday. FMC Corp. has a 52 week low of $32.24 and a 52 week high of $55.63. The firm has a 50 day moving average price of $50.14 and a 200 day moving average price of $48.19. The company’s market capitalization is $7.38 billion.
FMC Corp. (NYSE:FMC) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $808 million for the quarter, compared to the consensus estimate of $674.10 million. FMC Corp. had a positive return on equity of 18.06% and a negative net margin of 0.33%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. Equities analysts forecast that FMC Corp. will post $2.82 EPS for the current year.
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Large investors have recently modified their holdings of the company. HighPoint Advisor Group LLC purchased a new stake in shares of FMC Corp. during the third quarter valued at about $561,000. Credit Suisse AG boosted its stake in shares of FMC Corp. by 18.0% in the third quarter. Credit Suisse AG now owns 2,549,330 shares of the company’s stock valued at $123,234,000 after buying an additional 389,523 shares during the period. Pioneer Investment Management Inc. purchased a new stake in shares of FMC Corp. during the third quarter valued at about $4,286,000. Dai Ichi Life Holdings Inc. boosted its stake in shares of FMC Corp. by 73.7% in the third quarter. Dai Ichi Life Holdings Inc. now owns 82,238 shares of the company’s stock valued at $3,975,000 after buying an additional 34,903 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of FMC Corp. during the third quarter valued at about $952,000. 92.80% of the stock is currently owned by hedge funds and other institutional investors.
FMC Corp. Company Profile
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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