FMC Co. (NYSE:FMC) Receives $67.00 Average Price Target from Analysts

FMC Co. (NYSE:FMC) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $68.00.

A number of equities analysts recently weighed in on FMC shares. KeyCorp lowered their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Mizuho boosted their target price on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Company reduced their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, Citigroup initiated coverage on FMC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective for the company.

FMC Price Performance

Shares of FMC stock opened at $63.15 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.07. The business has a 50 day simple moving average of $63.21 and a two-hundred day simple moving average of $60.92. The stock has a market capitalization of $7.88 billion, a P/E ratio of 5.43, a PEG ratio of 1.66 and a beta of 0.85. FMC has a 12 month low of $49.49 and a 12 month high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company earned $0.44 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts predict that FMC will post 3.3 EPS for the current fiscal year.

Hedge Funds Weigh In On FMC

Hedge funds and other institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in shares of FMC during the third quarter worth about $578,000. CWA Asset Management Group LLC acquired a new stake in FMC during the 3rd quarter worth approximately $920,000. Easterly Investment Partners LLC boosted its position in FMC by 21.3% in the 3rd quarter. Easterly Investment Partners LLC now owns 265,209 shares of the basic materials company’s stock valued at $17,488,000 after buying an additional 46,485 shares during the period. ABLE Financial Group LLC grew its stake in shares of FMC by 17.7% in the third quarter. ABLE Financial Group LLC now owns 4,763 shares of the basic materials company’s stock worth $314,000 after acquiring an additional 717 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of FMC during the third quarter worth $130,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

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.