FMC Co. (NYSE:FMC) Receives Consensus Rating of “Hold” from Brokerages

Shares of FMC Co. (NYSE:FMC) have earned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $68.00.

FMC has been the topic of a number of analyst reports. Barclays upped their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Royal Bank of Canada increased their price target on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup began coverage on FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. KeyCorp lowered their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, BMO Capital Markets increased their price objective on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd.

Institutional Trading of FMC

Large investors have recently bought and sold shares of the business. Legacy Wealth Asset Management LLC boosted its stake in shares of FMC by 4.6% during the first quarter. Legacy Wealth Asset Management LLC now owns 4,007 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 175 shares in the last quarter. Dark Forest Capital Management LP raised its position in shares of FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock worth $372,000 after acquiring an additional 192 shares during the last quarter. HB Wealth Management LLC raised its position in shares of FMC by 3.8% during the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 208 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of FMC by 6.7% during the first quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company’s stock worth $250,000 after acquiring an additional 246 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Stock Performance

FMC stock opened at $63.63 on Wednesday. The stock has a 50-day simple moving average of $63.17 and a 200 day simple moving average of $61.00. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC has a 12-month low of $49.49 and a 12-month high of $68.72. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 5.48, a P/E/G ratio of 1.66 and a beta of 0.85.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. On average, research analysts anticipate that FMC will post 3.35 earnings per share for the current fiscal year.

FMC Company Profile

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.