FMC Corporation (NYSE:FMC) Price Target Increased to $100.00 by Analysts at Susquehanna Bancshares Inc

FMC Corporation (NYSE:FMC) had its target price boosted by Susquehanna Bancshares Inc from $86.00 to $100.00 in a research note issued to investors on Tuesday, August 8th. The brokerage currently has a positive rating on the basic materials company’s stock.

FMC has been the subject of several other reports. Zacks Investment Research lowered shares of FMC Corporation from a buy rating to a hold rating in a research report on Friday, July 14th. Royal Bank Of Canada restated a buy rating and set a $83.00 target price on shares of FMC Corporation in a research report on Monday, June 5th. Nomura reaffirmed a hold rating and set a $78.00 price target on shares of FMC Corporation in a report on Monday, May 8th. TheStreet raised shares of FMC Corporation from a c+ rating to a b- rating in a report on Thursday, May 4th. Finally, Credit Suisse Group set a $93.00 price target on shares of FMC Corporation and gave the company a buy rating in a report on Thursday, August 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. FMC Corporation presently has an average rating of Buy and a consensus target price of $83.40.

Shares of FMC Corporation (NYSE FMC) traded down 0.18% during mid-day trading on Tuesday, hitting $82.63. 885,445 shares of the company were exchanged. The company has a 50 day moving average of $78.74 and a 200 day moving average of $70.89. FMC Corporation has a 52 week low of $44.40 and a 52 week high of $85.17. The company has a market capitalization of $11.08 billion, a P/E ratio of 245.19 and a beta of 1.62.

FMC Corporation (NYSE:FMC) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $656.80 million during the quarter, compared to analyst estimates of $614.01 million. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. Equities analysts anticipate that FMC Corporation will post $2.43 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, September 28th. FMC Corporation’s payout ratio is 188.58%.

In related news, insider Mark Douglas sold 12,697 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $75.82, for a total transaction of $962,686.54. Following the sale, the insider now owns 73,690 shares of the company’s stock, valued at $5,587,175.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in FMC Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 13,437,788 shares of the basic materials company’s stock worth $935,135,000 after buying an additional 527,494 shares during the period. Glenview Capital Management LLC boosted its position in FMC Corporation by 10.8% in the first quarter. Glenview Capital Management LLC now owns 10,577,624 shares of the basic materials company’s stock worth $736,097,000 after buying an additional 1,029,806 shares during the period. BlackRock Inc. boosted its position in FMC Corporation by 2,944.3% in the first quarter. BlackRock Inc. now owns 8,723,379 shares of the basic materials company’s stock worth $607,062,000 after buying an additional 8,436,830 shares during the period. King Luther Capital Management Corp boosted its position in FMC Corporation by 1.3% in the first quarter. King Luther Capital Management Corp now owns 2,899,596 shares of the basic materials company’s stock worth $201,783,000 after buying an additional 38,036 shares during the period. Finally, York Capital Management Global Advisors LLC purchased a new position in FMC Corporation during the first quarter worth $167,824,000. 93.79% of the stock is currently owned by institutional investors.

FMC Corporation Company Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

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