FMC (NYSE:FMC) Price Target Lowered to $50.00 at BMO Capital Markets

FMC (NYSE:FMC) had its target price cut by analysts at BMO Capital Markets from $62.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 40.23% from the company’s previous close.

FMC has been the topic of several other research reports. Royal Bank of Canada downgraded FMC from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $78.00 to $47.00 in a research note on Wednesday. KeyCorp reduced their price objective on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Bank of America raised shares of FMC from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $63.00 to $61.00 in a research note on Tuesday, January 14th. Barclays raised shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price target for the company in a research note on Tuesday, January 21st. Finally, UBS Group lowered their price objective on shares of FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $57.62.

FMC Stock Down 0.7 %

FMC stock opened at $35.66 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC has a one year low of $34.00 and a one year high of $68.72. The company has a 50-day simple moving average of $52.48 and a 200-day simple moving average of $58.53. The firm has a market capitalization of $4.45 billion, a P/E ratio of 3.07, a P/E/G ratio of 1.20 and a beta of 0.84.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a net margin of 34.93% and a return on equity of 7.68%. As a group, equities analysts expect that FMC will post 3.33 earnings per share for the current year.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the sale, the vice president now owns 28,649 shares of the company’s stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,491 shares of company stock valued at $433,898. 0.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its position in FMC by 6.3% during the second quarter. Cetera Investment Advisers now owns 36,989 shares of the basic materials company’s stock valued at $2,129,000 after purchasing an additional 2,208 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of FMC in the second quarter worth $1,307,000. Park Avenue Securities LLC raised its holdings in shares of FMC by 13.5% during the third quarter. Park Avenue Securities LLC now owns 4,731 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 562 shares in the last quarter. Handelsbanken Fonder AB boosted its position in FMC by 37.1% during the third quarter. Handelsbanken Fonder AB now owns 35,100 shares of the basic materials company’s stock valued at $2,314,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Czech National Bank raised its stake in shares of FMC by 6.9% during the 3rd quarter. Czech National Bank now owns 25,427 shares of the basic materials company’s stock worth $1,677,000 after purchasing an additional 1,642 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

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.