FMC (NYSE:FMC) had its price target lifted by BMO Capital Markets from $120.00 to $124.00 in a research report sent to investors on Wednesday, The Fly reports.

A number of other analysts have also commented on FMC. Credit Suisse Group lifted their price target on FMC from $128.00 to $135.00 and gave the stock an outperform rating in a report on Wednesday, November 4th. KeyCorp lifted their price target on FMC from $121.00 to $137.00 and gave the stock an overweight rating in a report on Wednesday. Cleveland Research began coverage on FMC in a report on Tuesday, September 15th. They set a neutral rating on the stock. UBS Group began coverage on FMC in a report on Thursday, September 17th. They set a buy rating and a $127.00 price target on the stock. Finally, Rowe lifted their price target on FMC from $125.00 to $130.00 and gave the stock a positive rating in a report on Monday, November 2nd. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $120.18.

Shares of NYSE:FMC opened at $113.75 on Wednesday. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.50 and a beta of 1.03. The company has a quick ratio of 1.17, a current ratio of 1.70 and a debt-to-equity ratio of 1.02. FMC has a 12-month low of $56.77 and a 12-month high of $116.79. The business’s 50 day moving average is $107.39 and its 200 day moving average is $103.94.

FMC (NYSE:FMC) last announced its earnings results on Saturday, November 7th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.11. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. FMC had a return on equity of 30.81% and a net margin of 10.64%. FMC’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. As a group, equities research analysts expect that FMC will post 6.53 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in FMC. O Shaughnessy Asset Management LLC raised its stake in shares of FMC by 83.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 253 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 115 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of FMC during the 2nd quarter valued at $37,000. Lindbrook Capital LLC raised its stake in shares of FMC by 3,980.0% during the 2nd quarter. Lindbrook Capital LLC now owns 408 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 398 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of FMC during the 3rd quarter valued at $45,000. Finally, BNC Wealth Management LLC bought a new stake in shares of FMC during the 3rd quarter valued at $51,000. Institutional investors own 88.35% of the company’s stock.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals, which include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.

Further Reading: Example of operating income, EBIT and EBITDA

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Analyst Recommendations for FMC (NYSE:FMC)

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