Equities researchers at Stephens began coverage on shares of FMC (NYSE:FMC) in a report issued on Monday, December 4th, MarketBeat reports. The firm set an “equal weight” rating and a $91.00 price target on the basic materials company’s stock. Stephens’ target price suggests a potential downside of 3.87% from the stock’s current price.
A number of other research firms have also recently commented on FMC. KeyCorp boosted their price objective on FMC from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Piper Jaffray Companies set a $85.00 price objective on FMC and gave the company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research lowered FMC from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of FMC in a research note on Friday, September 15th. Finally, Bank of America raised FMC from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $103.00 in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $92.70.
Shares of FMC (NYSE:FMC) traded down $0.34 during trading hours on Monday, hitting $94.66. The stock had a trading volume of 647,413 shares, compared to its average volume of 985,887. FMC has a 1 year low of $56.35 and a 1 year high of $96.02. The stock has a market capitalization of $12,754.87, a PE ratio of 556.82, a price-to-earnings-growth ratio of 3.18 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.
In related news, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the sale, the insider now owns 6,856 shares in the company, valued at approximately $619,302.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can increased its holdings in FMC by 0.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock worth $8,077,000 after purchasing an additional 572 shares during the period. Gabelli Funds LLC increased its holdings in FMC by 1.8% during the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after purchasing an additional 600 shares during the period. Hanseatic Management Services Inc. increased its holdings in FMC by 13.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after purchasing an additional 1,688 shares during the period. Advisor Partners LLC purchased a new stake in FMC during the 3rd quarter worth about $216,000. Finally, Achmea Investment Management B.V. purchased a new stake in FMC during the 3rd quarter worth about $246,000. Institutional investors own 89.28% of the company’s stock.
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FMC 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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