FMC (FMC) Now Covered by Stephens

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.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. FMC had a return on equity of 16.77% and a net margin of 0.78%. FMC’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. research analysts expect that FMC will post 2.65 EPS for the current fiscal year.

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.

Analyst Recommendations for FMC (NYSE:FMC)

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