FMC Co. (NYSE:FMC) Given Consensus Recommendation of “Hold” by Analysts

FMC Co. (NYSE:FMC) has received an average recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $71.75.

Several equities analysts have commented on FMC shares. UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Royal Bank of Canada dropped their price target on shares of FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Wolfe Research started coverage on shares of FMC in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. BNP Paribas downgraded shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target for the company. in a research note on Wednesday, February 7th. Finally, Mizuho dropped their price target on shares of FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th.

Insider Activity at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of FMC stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at $2,966,211.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FMC

A number of institutional investors and hedge funds have recently bought and sold shares of FMC. Riverview Trust Co purchased a new stake in shares of FMC in the first quarter valued at about $27,000. Steward Partners Investment Advisory LLC raised its holdings in shares of FMC by 68.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock valued at $28,000 after buying an additional 93 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of FMC in the fourth quarter valued at about $31,000. Financial Connections Group Inc. purchased a new stake in shares of FMC in the fourth quarter valued at about $31,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of FMC in the third quarter valued at about $33,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Up 1.1 %

Shares of NYSE FMC opened at $56.06 on Friday. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 1.83 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. FMC has a 52-week low of $49.49 and a 52-week high of $125.20. The business’s 50 day moving average is $58.61 and its two-hundred day moving average is $58.32.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same period in the previous year, the firm earned $2.37 EPS. Research analysts predict that FMC will post 3.88 EPS for the current year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a yield of 4.14%. FMC’s dividend payout ratio (DPR) is presently 22.03%.

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 includes 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.