FMC Corporation (NYSE:FMC)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group LLC in a report released on Thursday. They currently have a $108.00 price objective on the basic materials company’s stock. Jefferies Group LLC’s price target indicates a potential upside of 16.85% from the company’s previous close.
A number of other analysts have also issued reports on FMC. Credit Suisse Group set a $85.00 price target on shares of FMC Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of FMC Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price target on shares of FMC Corporation in a research note on Wednesday, July 12th. Seaport Global Securities lowered shares of FMC Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $82.00 to $80.00 in a research note on Tuesday, July 18th. Finally, BidaskClub upgraded shares of FMC Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. FMC Corporation has a consensus rating of “Buy” and a consensus price target of $87.89.
Shares of FMC Corporation (NYSE:FMC) opened at 92.43 on Thursday. FMC Corporation has a 12 month low of $45.77 and a 12 month high of $93.44. The firm has a 50 day moving average of $88.38 and a 200-day moving average of $78.68. The stock has a market capitalization of $12.40 billion, a P/E ratio of 274.27 and a beta of 1.61.
FMC Corporation (NYSE:FMC) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $656.80 million for 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 business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. Analysts forecast that FMC Corporation will post $2.43 earnings per share for the current year.
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In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the completion of the sale, the vice president now owns 131,639 shares in the company, valued at $11,057,676. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in FMC. UBS Asset Management Americas Inc. boosted its holdings in shares of FMC Corporation by 8.7% during the first quarter. UBS Asset Management Americas Inc. now owns 340,055 shares of the basic materials company’s stock valued at $23,664,000 after acquiring an additional 27,137 shares during the period. Oxford Asset Management acquired a new position in shares of FMC Corporation during the first quarter valued at $550,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of FMC Corporation by 4.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,048 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 214 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of FMC Corporation by 686.1% during the first quarter. Victory Capital Management Inc. now owns 19,786 shares of the basic materials company’s stock valued at $1,377,000 after acquiring an additional 17,269 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of FMC Corporation by 1.3% during the first quarter. Alliancebernstein L.P. now owns 247,449 shares of the basic materials company’s stock valued at $17,220,000 after acquiring an additional 3,144 shares during the period. 90.39% of the stock is 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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