Somewhat Positive News Coverage Somewhat Unlikely to Affect FMC (FMC) Stock Price
Media coverage about FMC (NYSE:FMC) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FMC earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.9662523603511 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
- Royal Bank of Canada Reiterates “Buy” Rating for FMC (FMC) (americanbankingnews.com)
- FMC (FMC) PT Set at $106.00 by Credit Suisse Group (americanbankingnews.com)
- Deere’s Fiscal 1Q18 Revenues Set for a Big Jump (finance.yahoo.com)
- Can Deere’s 1Q18 Earnings per Share Beat Analyst Estimates? (finance.yahoo.com)
- FMC (FMC) Q4 2017 Earnings Conference Call Transcript (fool.com)
Shares of FMC (NYSE FMC) traded up $3.40 during trading hours on Wednesday, reaching $85.26. The company’s stock had a trading volume of 2,156,996 shares, compared to its average volume of 1,480,000. The company has a market cap of $11,450.00, a P/E ratio of -133.22, a PEG ratio of 1.41 and a beta of 1.52. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. FMC has a 52-week low of $57.29 and a 52-week high of $98.70.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were paid a $0.165 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. FMC’s dividend payout ratio (DPR) is presently -103.13%.
A number of equities analysts have recently weighed in on FMC shares. Zacks Investment Research raised FMC from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Monday, December 18th. Credit Suisse Group set a $111.00 price target on FMC and gave the stock a “buy” rating in a report on Tuesday, January 16th. Bank of America upped their price target on FMC from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Goldman Sachs Group assumed coverage on FMC in a report on Monday, December 4th. They set a “neutral” rating and a $98.00 price target for the company. Finally, Loop Capital set a $106.00 price target on FMC and gave the stock a “buy” rating in a report on Monday, December 11th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. FMC presently has an average rating of “Buy” and an average target price of $97.37.
In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the completion of the transaction, the insider now owns 6,856 shares in the company, valued at approximately $619,302.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.
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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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