Fresenius Medical Care Corporation (FMS) Downgraded by BidaskClub to “Hold”

Fresenius Medical Care Corporation (NYSE:FMS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Monday, July 31st.

FMS has been the subject of several other research reports. UBS AG reaffirmed a “sell” rating on shares of Fresenius Medical Care Corporation in a research report on Tuesday, July 4th. Nord/LB reaffirmed a “buy” rating on shares of Fresenius Medical Care Corporation in a research report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $44.00 price target on shares of Fresenius Medical Care Corporation in a research report on Tuesday, May 30th. DZ Bank AG reiterated a “neutral” rating on shares of Fresenius Medical Care Corporation in a research note on Monday, May 29th. Finally, Zacks Investment Research downgraded Fresenius Medical Care Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Fresenius Medical Care Corporation currently has an average rating of “Hold” and an average price target of $48.67.

Fresenius Medical Care Corporation (NYSE FMS) traded down 0.19% during trading on Monday, reaching $46.38. 101,389 shares of the company traded hands. Fresenius Medical Care Corporation has a 52 week low of $38.05 and a 52 week high of $50.22. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 20.34 and a beta of 0.47. The company’s 50-day moving average price is $47.31 and its 200 day moving average price is $44.97.

Fresenius Medical Care Corporation (NYSE:FMS) last issued its earnings results on Tuesday, August 1st. The company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.05. Fresenius Medical Care Corporation had a return on equity of 11.57% and a net margin of 7.06%. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same period last year, the firm posted $0.96 EPS. Fresenius Medical Care Corporation’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that Fresenius Medical Care Corporation will post $2.33 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harding Loevner LP increased its position in Fresenius Medical Care Corporation by 7.1% in the first quarter. Harding Loevner LP now owns 3,528,960 shares of the company’s stock worth $148,675,000 after buying an additional 233,347 shares in the last quarter. Cambiar Investors LLC raised its stake in Fresenius Medical Care Corporation by 8.1% in the first quarter. Cambiar Investors LLC now owns 2,516,416 shares of the company’s stock valued at $106,017,000 after buying an additional 188,019 shares during the last quarter. Karp Capital Management Corp bought a new stake in Fresenius Medical Care Corporation during the first quarter valued at $7,887,000. Renaissance Technologies LLC bought a new stake in Fresenius Medical Care Corporation during the first quarter valued at $7,141,000. Finally, Bank of America Corp DE raised its stake in Fresenius Medical Care Corporation by 12.1% in the first quarter. Bank of America Corp DE now owns 1,493,411 shares of the company’s stock valued at $62,917,000 after buying an additional 161,262 shares during the last quarter. Hedge funds and other institutional investors own 2.81% of the company’s stock.

About Fresenius Medical Care Corporation

Fresenius Medical Care AG & Co KGaA is a kidney dialysis company. The Company provides dialysis care and related services to persons suffering from end-stage renal disease (ESRD), as well as other healthcare services. The Company’s segments include North America Segment, the Europe, Middle East and Africa (EMEA) Segment, the Asia-Pacific Segment and the Latin America Segment.

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