FMC Co. (NYSE:FMC) Receives $70.06 Consensus Target Price from Brokerages

FMC Co. (NYSE:FMC) has earned a consensus rating of “Hold” from the eighteen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $70.06.

Several research analysts have commented on the stock. Loop Capital upped their price objective on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. lowered their price objective on shares of FMC from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Wells Fargo & Company lifted their price objective on FMC from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. UBS Group raised FMC from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. Finally, KeyCorp lifted their price target on FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th.

FMC Stock Performance

Shares of NYSE:FMC opened at $55.66 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. FMC has a 12 month low of $49.49 and a 12 month high of $104.92. The company has a 50-day moving average price of $59.75 and a 200-day moving average price of $59.23.

FMC (NYSE:FMC) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The business had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $1.77 EPS. The business’s revenue was down 31.7% on a year-over-year basis. As a group, equities analysts anticipate that FMC will post 3.6 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a yield of 4.17%. FMC’s payout ratio is currently 25.89%.

Institutional Trading of FMC

Several institutional investors have recently added to or reduced their stakes in the business. American Trust bought a new position in shares of FMC during the first quarter valued at $213,000. Verity Asset Management Inc. bought a new position in FMC during the 1st quarter valued at about $213,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of FMC by 36.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 35,522 shares of the basic materials company’s stock valued at $2,264,000 after acquiring an additional 9,574 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of FMC by 483.8% in the first quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company’s stock worth $2,216,000 after acquiring an additional 28,823 shares during the period. Finally, Swedbank AB purchased a new position in shares of FMC during the first quarter valued at approximately $21,995,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

About FMC

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.