FMC (NYSE:FMC) Research Coverage Started at Citigroup

Citigroup assumed coverage on shares of FMC (NYSE:FMC) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $67.00 price target on the basic materials company’s stock. Citigroup’s price objective suggests a potential upside of 8.96% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company lowered their target price on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. KeyCorp dropped their target price on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. BMO Capital Markets increased their price target on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Barclays raised their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.00.

FMC Trading Down 1.0 %

Shares of NYSE:FMC opened at $61.49 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $63.34 and its 200 day moving average price is $60.76. The company has a market cap of $7.68 billion, a PE ratio of 6.86, a P/E/G ratio of 1.53 and a beta of 0.85. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $68.72.

FMC (NYSE:FMC) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts anticipate that FMC will post 3.4 earnings per share for the current year.

Institutional Trading of FMC

A number of hedge funds have recently bought and sold shares of FMC. Riverview Trust Co purchased a new stake in FMC in the 1st quarter worth about $27,000. Benjamin F. Edwards & Company Inc. boosted its stake 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 valued at $36,000 after buying an additional 303 shares during the period. Mather Group LLC. grew its holdings in shares of FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares in the last quarter. LRI Investments LLC acquired a new position in shares of FMC in the first quarter worth $39,000. Finally, UMB Bank n.a. raised its holdings 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 in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

About FMC

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.