UBS Group Trims FMC (NYSE:FMC) Target Price to $59.00

FMC (NYSE:FMC) had its price target decreased by UBS Group from $64.00 to $59.00 in a research report report published on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the basic materials company’s stock.

Several other equities analysts have also recently commented on the stock. TheStreet cut shares of FMC from a b- rating to a c+ rating in a research report on Wednesday, July 26th. Mizuho lowered their price target on FMC from $122.00 to $98.00 and set a buy rating for the company in a report on Tuesday, October 10th. Morgan Stanley reaffirmed an equal weight rating and issued a $70.00 price objective (down previously from $100.00) on shares of FMC in a report on Tuesday, October 24th. Wells Fargo & Company dropped their target price on shares of FMC from $99.00 to $73.00 and set an equal weight rating on the stock in a report on Monday, October 23rd. Finally, Credit Suisse Group raised shares of FMC from an underperform rating to a neutral rating and set a $101.00 price target for the company in a report on Friday, August 4th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, FMC has a consensus rating of Hold and a consensus target price of $88.94.

FMC Trading Up 0.1 %

NYSE:FMC opened at $53.71 on Friday. FMC has a one year low of $49.49 and a one year high of $134.38. The business’s 50-day simple moving average is $61.92 and its 200 day simple moving average is $85.53. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.96 and a current ratio of 1.54. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $981.90 million during the quarter, compared to analyst estimates of $1.01 billion. FMC had a net margin of 10.01% and a return on equity of 18.84%. The business’s revenue for the quarter was down 28.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share. As a group, sell-side analysts predict that FMC will post 3.81 earnings per share for the current fiscal year.

Insider Transactions at FMC

In other FMC news, EVP Ronaldo Pereira purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $75.59 per share, for a total transaction of $151,180.00. Following the completion of the transaction, the executive vice president now owns 21,478 shares in the company, valued at approximately $1,623,522.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Ronaldo Pereira purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average cost of $75.59 per share, for a total transaction of $151,180.00. Following the completion of the acquisition, the executive vice president now directly owns 21,478 shares of the company’s stock, valued at $1,623,522.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas Pfeiffer acquired 992 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average cost of $75.62 per share, with a total value of $75,015.04. Following the transaction, the insider now directly owns 13,056 shares in the company, valued at approximately $987,294.72. The disclosure for this purchase can be found here. Corporate insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On FMC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC increased its holdings in shares of FMC by 68.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 93 shares during the period. Quintet Private Bank Europe S.A. acquired a new stake in shares of FMC during the 3rd quarter worth approximately $33,000. Spire Wealth Management increased its position in shares of FMC by 143.1% during the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 299 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of FMC in the second quarter valued at $36,000. Finally, Orion Capital Management LLC bought a new position in FMC in the first quarter worth $40,000. Institutional investors own 86.91% of the company’s stock.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.