A number of firms have modified their ratings and price targets on shares of FMC Corp (NYSE: FMC) recently:

  • 8/14/2017 – FMC Corp was given a new $100.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 8/9/2017 – FMC Corp was upgraded by analysts at Instinet from a “neutral” rating to a “buy” rating. They now have a $97.00 price target on the stock, up previously from $78.00.
  • 8/8/2017 – FMC Corp had its price target raised by analysts at Susquehanna Bancshares Inc from $86.00 to $100.00. They now have a “positive” rating on the stock.
  • 8/5/2017 – FMC Corp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/4/2017 – FMC Corp had its price target raised by analysts at Royal Bank Of Canada from $83.00 to $93.00. They now have an “outperform” rating on the stock.
  • 8/4/2017 – FMC Corp was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $97.00 price target on the stock, up previously from $78.00.
  • 8/4/2017 – FMC Corp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FMC Corp.’s adjusted earnings and sales for second-quarter 2017 beat the respective Zacks Consensus Estimate.  FMC Corp. has outperformed the industry it belongs to over a year. The company should gain from its efforts to expand product portfolio. It is also seeing strong demand in its Lithium unit and is expanding production capacity to meet growing demand for electric vehicles. Moreover, FMC Corp. will benefit from the cost synergies of the Cheminova buyout. The proposed acquisition of a major portion of DuPont's Crop Protection business has also provided a significant growth platform for the company's Agricultural Solutions unit. However, FMC Corp. is faced with challenging agriculture market fundamentals, especially in North America. It is also exposed to headwind from weak prices. The company’s stretched valuation is another concern.”
  • 8/3/2017 – FMC Corp was given a new $93.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/3/2017 – FMC Corp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $85.00 price target on the stock.
  • 8/3/2017 – FMC Corp had its price target raised by analysts at BMO Capital Markets from $75.00 to $80.00. They now have a “market perform” rating on the stock.
  • 7/28/2017 – FMC Corp was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/19/2017 – FMC Corp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/18/2017 – FMC Corp was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $80.00 price target on the stock, down previously from $82.00.
  • 7/14/2017 – FMC Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FMC Corp. has outperformed the Zacks categorized Chemicals-Diversified industry over a year. FMC Corp. should gain from its efforts to expand product portfolio. The company is also seeing strong demand in its Lithium unit and is expanding production capacity to meet growing demand for electric vehicles. Moreover, FMC Corp. will benefit from the cost synergies of the Cheminova buyout. The proposed acquisition of a major portion of DuPont's Crop Protection business has also provided a significant growth platform for the company's Agricultural Solutions unit. However, FMC Corp. is faced with challenging agriculture market fundamentals, especially in North America. It is also exposed to currency headwinds. The company’s stretched valuation is another concern.”
  • 7/13/2017 – FMC Corp had its price target raised by analysts at Jefferies Group LLC from $84.00 to $100.00. They now have a “buy” rating on the stock.
  • 7/12/2017 – FMC Corp had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $83.00 price target on the stock.
  • 7/10/2017 – FMC Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “FMC Corp. has outperformed the Zacks categorized Chemicals-Diversified industry over a year. FMC Corp. should gain from its efforts to expand product portfolio. The company is also seeing strong demand in its Lithium unit and is expanding production capacity to meet growing demand for electric vehicles. Moreover, FMC Corp. will benefit from the cost synergies of the Cheminova buyout. The proposed acquisition of a major portion of DuPont's Crop Protection business has also provided a significant growth platform for the company's Agricultural Solutions unit.”
  • 7/6/2017 – FMC Corp had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $84.00 price target on the stock.
  • 6/26/2017 – FMC Corp was given a new $85.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.

Shares of FMC Corp (NYSE:FMC) opened at 84.42 on Thursday. FMC Corp has a one year low of $44.40 and a one year high of $85.17. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 250.50 and a beta of 1.62. The company’s 50-day moving average is $79.49 and its 200-day moving average is $71.48.

FMC Corp (NYSE:FMC) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. FMC Corp had a net margin of 7.41% and a return on equity of 9.88%. The company had revenue of $656.80 million during the quarter, compared to the consensus estimate of $614.01 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that FMC Corp will post $2.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 28th. FMC Corp’s dividend payout ratio is currently 188.58%.

In other news, insider Mark Douglas sold 12,697 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $75.82, for a total transaction of $962,686.54. Following the completion of the transaction, the insider now 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 SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.

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