FMC (FMC) Stock Rating Lowered by TheStreet
FMC (NYSE:FMC) was downgraded by TheStreet from a “b” rating to a “c” rating in a research report issued on Monday.
FMC has been the subject of several other research reports. Credit Suisse Group reissued an “outperform” rating and set a $102.00 price objective (up previously from $93.00) on shares of FMC in a research report on Wednesday, November 8th. KeyCorp reissued a “buy” rating and set a $112.00 price objective on shares of FMC in a research report on Monday, December 4th. Citigroup raised shares of FMC from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday. Zacks Investment Research upgraded shares of FMC from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Monday, December 18th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $92.00 target price on shares of FMC in a report on Friday, November 10th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. FMC has a consensus rating of “Buy” and a consensus target price of $97.63.
Shares of FMC (NYSE FMC) opened at $81.86 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. FMC has a 12-month low of $57.29 and a 12-month high of $98.70. The stock has a market cap of $11,441.79, a price-to-earnings ratio of 20.52, a PEG ratio of 1.41 and a beta of 1.52.
In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the completion of the sale, the insider now owns 6,856 shares in the company, valued at $619,302.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in FMC in the fourth quarter valued at $123,000. Assetmark Inc. lifted its stake in FMC by 212.2% in the fourth quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 1,012 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in FMC by 256.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 1,246 shares during the last quarter. Roundview Capital LLC acquired a new stake in FMC in the fourth quarter valued at $204,000. Finally, Cetera Advisor Networks LLC acquired a new stake in FMC in the fourth quarter valued at $212,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “FMC (FMC) Stock Rating Lowered by TheStreet” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2018/02/14/fmc-fmc-stock-rating-lowered-by-thestreet.html.
FMC 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.
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.