FMC Corp (NYSE:FMC) Receives Consensus Recommendation of “Buy” from Analysts

Share on StockTwits

FMC Corp (NYSE:FMC) has earned a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $96.58.

Several research firms have recently commented on FMC. Bank of America downgraded shares of FMC from a “buy” rating to a “neutral” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of FMC from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Monday, June 3rd. Morgan Stanley began coverage on shares of FMC in a research note on Monday, May 20th. They set an “equal weight” rating and a $82.00 price objective for the company. Royal Bank of Canada upgraded shares of FMC from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $87.00 to $103.00 in a research note on Friday, August 9th. Finally, Nomura lifted their price objective on shares of FMC from $93.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Shares of NYSE:FMC traded up $2.05 on Friday, hitting $85.59. 731,000 shares of the company were exchanged, compared to its average volume of 1,112,286. FMC has a 1-year low of $69.36 and a 1-year high of $92.76. The stock’s 50 day moving average price is $84.70 and its 200 day moving average price is $81.04. The company has a current ratio of 1.27, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $10.90 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.03. FMC had a net margin of 10.65% and a return on equity of 27.33%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts predict that FMC will post 5.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.87%. FMC’s dividend payout ratio (DPR) is presently 25.44%.

In related news, CEO Pierre R. Brondeau sold 33,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $73.09, for a total transaction of $2,411,970.00. Following the completion of the transaction, the chief executive officer now owns 284,814 shares of the company’s stock, valued at $20,817,055.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Pfeiffer sold 2,446 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $80.67, for a total transaction of $197,318.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 231,912 shares of company stock valued at $20,075,116. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squar Milner Financial Services LLC increased its holdings in FMC by 51.4% in the second quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock valued at $32,000 after buying an additional 130 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in FMC by 2.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 7,054 shares of the basic materials company’s stock valued at $658,000 after buying an additional 138 shares in the last quarter. Capital Bank & Trust Co increased its holdings in FMC by 1.9% in the second quarter. Capital Bank & Trust Co now owns 7,340 shares of the basic materials company’s stock valued at $609,000 after buying an additional 140 shares in the last quarter. Parallel Advisors LLC increased its holdings in FMC by 46.9% in the second quarter. Parallel Advisors LLC now owns 501 shares of the basic materials company’s stock valued at $42,000 after buying an additional 160 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of FMC by 0.8% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 20,462 shares of the basic materials company’s stock worth $1,572,000 after purchasing an additional 170 shares in the last quarter. 90.89% of the stock is owned by institutional investors.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

Featured Article: What are trading strategies for the 52-week high/low?

Analyst Recommendations for FMC (NYSE:FMC)

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.