FMC (NYSE:FMC) had its price objective lowered by analysts at KeyCorp from $105.00 to $95.00 in a report released on Friday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price target would suggest a potential upside of 18.79% from the stock’s current price. KeyCorp also issued estimates for FMC’s FY2020 earnings at $6.35 EPS.

A number of other analysts also recently issued reports on FMC. Zacks Investment Research downgraded shares of FMC from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Credit Suisse Group reiterated a “buy” rating and issued a $114.00 price target on shares of FMC in a report on Friday, February 1st. Nomura lifted their price target on shares of FMC from $90.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Citigroup set a $94.00 price target on shares of FMC and gave the company a “buy” rating in a report on Thursday, February 14th. Finally, Royal Bank of Canada boosted their target price on shares of FMC to $100.00 and gave the stock a “positive” rating in a report on Tuesday, February 19th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. FMC has a consensus rating of “Buy” and an average target price of $97.92.

Shares of NYSE FMC opened at $79.97 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 1.35. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.31 and a beta of 1.48. FMC has a 52-week low of $69.36 and a 52-week high of $92.95.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. FMC had a net margin of 10.62% and a return on equity of 27.73%. During the same period in the previous year, the firm posted $1.10 EPS. On average, equities analysts forecast that FMC will post 5.67 earnings per share for the current year.

In other news, CEO Pierre R. Brondeau sold 94,424 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $84.34, for a total value of $7,963,720.16. Following the sale, the chief executive officer now directly owns 312,861 shares in the company, valued at approximately $26,386,696.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert C. Pallash sold 6,992 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $87.28, for a total transaction of $610,261.76. Following the completion of the sale, the director now owns 37,458 shares in the company, valued at $3,269,334.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,880 shares of company stock worth $11,144,839. Insiders own 1.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC boosted its stake in shares of FMC by 1,550.9% during the 1st quarter. Chartwell Investment Partners LLC now owns 222,712 shares of the basic materials company’s stock worth $17,109,000 after purchasing an additional 209,222 shares during the period. DNB Asset Management AS boosted its stake in shares of FMC by 35.1% during the 1st quarter. DNB Asset Management AS now owns 30,965 shares of the basic materials company’s stock worth $2,379,000 after purchasing an additional 8,043 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of FMC by 1.5% during the 1st quarter. State of Alaska Department of Revenue now owns 24,497 shares of the basic materials company’s stock worth $1,880,000 after purchasing an additional 366 shares during the period. Machina Capital S.A.S. purchased a new position in shares of FMC during the 4th quarter worth about $436,000. Finally, Norges Bank purchased a new position in shares of FMC during the 4th quarter worth about $64,447,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.

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