Analysts Set FMC Co. (NYSE:FMC) PT at $69.71

FMC Co. (NYSE:FMC) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $69.71.

A number of research analysts recently commented on the stock. Barclays started coverage on shares of FMC in a research note on Wednesday, June 26th. They issued an “equal weight” rating and a $62.00 price target on the stock. Royal Bank of Canada upped their target price on FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Mizuho lifted their price target on FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. decreased their price objective on FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, Wells Fargo & Company lowered their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th.

FMC Stock Performance

Shares of NYSE FMC opened at $59.60 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.44 billion, a P/E ratio of 6.65, a P/E/G ratio of 1.35 and a beta of 0.84. FMC has a 12 month low of $49.49 and a 12 month high of $96.81. The stock has a 50 day moving average of $57.96 and a 200-day moving average of $58.72.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $1.77 EPS. The company’s quarterly revenue was down 31.7% on a year-over-year basis. As a group, equities research analysts predict that FMC will post 3.43 EPS for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio is currently 25.89%.

Institutional Trading of FMC

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Riverview Trust Co bought a new position in FMC in the first quarter valued at approximately $27,000. Financial Connections Group Inc. acquired a new stake in shares of FMC in the 4th quarter valued at $31,000. CVA Family Office LLC bought a new position in shares of FMC in the 4th quarter valued at $31,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of FMC by 114.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after buying an additional 303 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of FMC during the 1st quarter worth $39,000. 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.