FMC Co. (NYSE:FMC) Given Average Rating of “Hold” by Brokerages

FMC Co. (NYSE:FMC) has earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $68.63.

A number of research analysts recently commented on FMC shares. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. KeyCorp decreased their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Barclays increased their price target on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. BMO Capital Markets increased their price target on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th.

Hedge Funds Weigh In On FMC

Hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in FMC during the 1st quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. increased its holdings in FMC by 114.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 303 shares in the last quarter. LRI Investments LLC purchased a new position in FMC during the 1st quarter valued at about $39,000. UMB Bank n.a. increased its holdings in FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in FMC by 827.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 612 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Trading Down 0.2 %

NYSE FMC opened at $63.36 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07. The firm’s fifty day moving average price is $61.23 and its 200 day moving average price is $60.57. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.85. FMC has a 12 month low of $49.49 and a 12 month high of $75.89.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. On average, sell-side analysts expect that FMC will post 3.41 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio (DPR) is 25.89%.

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.