FMC Corporation (NYSE:FMC) received a $100.00 price target from stock analysts at Jefferies Group LLC in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 18.26% from the stock’s previous close.

Several other research firms have also recently commented on FMC. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price target on shares of FMC Corporation in a report on Monday, June 5th. BMO Capital Markets lifted their price objective on FMC Corporation from $75.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, August 3rd. Credit Suisse Group set a $85.00 price objective on FMC Corporation and gave the company a “buy” rating in a research note on Monday, June 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $85.00 price objective on shares of FMC Corporation in a research note on Thursday, August 3rd. Finally, Nomura reaffirmed a “hold” rating and issued a $78.00 price objective on shares of FMC Corporation in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. FMC Corporation has a consensus rating of “Buy” and an average target price of $83.40.

FMC Corporation (FMC) opened at 84.56 on Monday. FMC Corporation has a 52-week low of $44.40 and a 52-week high of $85.10. The firm has a 50-day moving average of $77.95 and a 200-day moving average of $70.55. The firm has a market cap of $11.34 billion, a PE ratio of 250.92 and a beta of 1.62.

FMC Corporation (NYSE:FMC) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $656.80 million during the quarter, compared to analysts’ expectations of $614.01 million. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Equities analysts anticipate that FMC Corporation will post $2.43 EPS for the current year.

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In related news, insider Mark Douglas sold 12,697 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total transaction of $962,686.54. Following the transaction, the insider now directly owns 73,690 shares of the company’s stock, valued at approximately $5,587,175.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FMC. UBS Asset Management Americas Inc. raised its position in FMC Corporation by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 312,918 shares of the basic materials company’s stock valued at $17,698,000 after buying an additional 1,575 shares during the period. Teachers Advisors LLC raised its position in FMC Corporation by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 151,775 shares of the basic materials company’s stock valued at $8,584,000 after buying an additional 14,075 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in FMC Corporation by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 120,233 shares of the basic materials company’s stock valued at $8,367,000 after buying an additional 3,413 shares during the period. Creative Planning raised its position in FMC Corporation by 4.1% in the first quarter. Creative Planning now owns 7,869 shares of the basic materials company’s stock valued at $548,000 after buying an additional 307 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in FMC Corporation by 5.6% in the first quarter. Gulf International Bank UK Ltd now owns 40,725 shares of the basic materials company’s stock valued at $2,834,000 after buying an additional 2,170 shares during the period. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

About FMC Corporation

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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