FMC Corporation (NYSE:FMC) had its target price hoisted by investment analysts at Jefferies Group LLC from $84.00 to $100.00 in a research report issued to clients and investors on Thursday, July 13th. The brokerage presently has a “buy” rating on the basic materials company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 18.53% from the stock’s current price. Jefferies Group also issued estimates for FMC Corporation’s FY2019 earnings at $5.05 EPS and FY2020 earnings at $5.65 EPS.

FMC has been the subject of several other reports. UBS AG upgraded FMC Corporation from a “neutral” rating to a “positive” rating in a research note on Monday, April 3rd. Robert W. Baird reiterated a “neutral” rating and set a $76.00 target price (up from $67.00) on shares of FMC Corporation in a research note on Sunday, April 2nd. Susquehanna Bancshares Inc upgraded FMC Corporation from a “neutral” rating to a “positive” rating and set a $86.00 target price for the company in a research note on Monday, April 3rd. SunTrust Banks, Inc. upgraded FMC Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $82.00 in a research note on Monday, April 3rd. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “hold” rating and set a $55.00 price target on shares of FMC Corporation in a report on Friday, March 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.04.

FMC Corporation (NYSE:FMC) opened at 84.37 on Thursday. The stock has a market cap of $11.32 billion, a P/E ratio of 248.88 and a beta of 1.62. FMC Corporation has a one year low of $44.40 and a one year high of $85.06. The stock has a 50 day moving average of $76.22 and a 200-day moving average of $69.24.

FMC Corporation (NYSE:FMC) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $656.80 million during the quarter, compared to the consensus estimate of $614.01 million. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Analysts anticipate that FMC Corporation will post $2.42 EPS for the current year.

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In related news, VP Andrea E. Utecht sold 14,434 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $74.62, for a total transaction of $1,077,065.08. Following the transaction, the vice president now directly owns 131,899 shares of the company’s stock, valued at approximately $9,842,303.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William Howard Powell sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $72.73, for a total value of $218,190.00. Following the transaction, the director now directly owns 17,554 shares in the company, valued at $1,276,702.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,489 shares of company stock worth $3,118,310. 1.10% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of FMC Corporation by 7.8% in the second quarter. Rhumbline Advisers now owns 268,991 shares of the basic materials company’s stock valued at $19,650,000 after buying an additional 19,430 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of FMC Corporation by 78.8% in the second quarter. Canada Pension Plan Investment Board now owns 219,070 shares of the basic materials company’s stock valued at $16,003,000 after buying an additional 96,559 shares during the period. Braun Stacey Associates Inc. increased its stake in shares of FMC Corporation by 2.4% in the second quarter. Braun Stacey Associates Inc. now owns 165,935 shares of the basic materials company’s stock valued at $12,121,000 after buying an additional 3,940 shares during the period. US Bancorp DE increased its stake in shares of FMC Corporation by 51.9% in the second quarter. US Bancorp DE now owns 17,182 shares of the basic materials company’s stock valued at $1,254,000 after buying an additional 5,873 shares during the period. Finally, Aperio Group LLC increased its stake in shares of FMC Corporation by 5.7% in the second quarter. Aperio Group LLC now owns 46,329 shares of the basic materials company’s stock worth $3,384,000 after buying an additional 2,485 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

FMC Corporation Company Profile

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 Corporation (NYSE:FMC)

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