FMC Co. (NYSE:FMC – Get Free Report) has been given an average rating of “Hold” by the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $68.00.
A number of brokerages have weighed in on FMC. Mizuho lifted their price target on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup began coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target on the stock. KeyCorp reduced 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. BMO Capital Markets boosted their target price on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.
Read Our Latest Stock Report on FMC
FMC Price Performance
FMC (NYSE:FMC – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. FMC’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. Sell-side analysts predict that FMC will post 3.35 earnings per share for the current year.
Insider Activity at FMC
In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by corporate insiders.
Institutional Trading of FMC
Several institutional investors have recently added to or reduced their stakes in the business. Commerce Bank increased its stake in FMC by 3.7% during the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 183 shares during the last quarter. Dark Forest Capital Management LP increased its stake in FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after purchasing an additional 192 shares during the last quarter. HB Wealth Management LLC increased its stake in FMC by 3.8% during the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 208 shares during the last quarter. CreativeOne Wealth LLC grew its position in shares of FMC by 6.7% during the first quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company’s stock worth $250,000 after acquiring an additional 246 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.
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.
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