FMC’s (FMC) “Buy” Rating Reiterated at KeyCorp

FMC (NYSE:FMC)‘s stock had its “buy” rating reiterated by KeyCorp in a research note issued to investors on Monday. They presently have a $112.00 price target on the basic materials company’s stock. KeyCorp’s price target indicates a potential upside of 22.44% from the company’s current price. KeyCorp also issued estimates for FMC’s FY2018 earnings at $5.50 EPS.

Several other equities research analysts have also recently weighed in on FMC. Stephens began coverage on shares of FMC in a research report on Monday. They set an “equal weight” rating and a $91.00 price objective for the company. Goldman Sachs Group began coverage on shares of FMC in a research report on Monday. They set a “neutral” rating and a $98.00 price objective for the company. Susquehanna Bancshares increased their price objective on shares of FMC from $86.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, August 8th. Instinet upgraded shares of FMC from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $97.00 in a research report on Wednesday, August 9th. Finally, Jefferies Group set a $100.00 price objective on shares of FMC and gave the stock a “buy” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $92.61.

Shares of FMC (NYSE:FMC) traded down $2.46 during trading hours on Monday, reaching $91.47. 1,350,600 shares of the company traded hands, compared to its average volume of 1,275,518. The company has a market cap of $12,130.00, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 3.15 and a beta of 1.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. FMC has a fifty-two week low of $55.79 and a fifty-two week high of $95.25.

FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. FMC had a net margin of 0.78% and a return on equity of 16.77%. The business had revenue of $646.20 million during the quarter, compared to the consensus estimate of $686.21 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. equities analysts predict that FMC will post 2.65 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of FMC. Schroder Investment Management Group lifted its stake in shares of FMC by 692.7% in the second quarter. Schroder Investment Management Group now owns 32,500 shares of the basic materials company’s stock valued at $2,384,000 after buying an additional 28,400 shares in the last quarter. Oakbrook Investments LLC lifted its stake in shares of FMC by 27.9% in the third quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock valued at $1,187,000 after buying an additional 2,900 shares in the last quarter. Dorsey Wright & Associates bought a new position in shares of FMC in the second quarter valued at $1,667,000. Hanseatic Management Services Inc. lifted its stake in shares of FMC by 13.3% in the second quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock valued at $1,048,000 after buying an additional 1,688 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its stake in shares of FMC by 12.0% in the third quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock valued at $24,911,000 after buying an additional 29,858 shares in the last quarter. Institutional investors and hedge funds own 89.34% of the company’s stock.

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About FMC

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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