Analysts Set FMC Co. (NYSE:FMC) PT at $70.06

FMC Co. (NYSE:FMC) has earned an average rating of “Hold” from the eighteen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $70.06.

FMC has been the subject of several research reports. Royal Bank of Canada boosted their price target on FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. dropped their price target on FMC from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Barclays initiated coverage on FMC in a research report on Wednesday. They set an “equal weight” rating and a $62.00 price target for the company. KeyCorp boosted their price target on FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Finally, Wells Fargo & Company boosted their price target on FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th.

Hedge Funds Weigh In On FMC

Large investors have recently modified their holdings of the business. North Point Portfolio Managers Corp OH lifted its stake in shares of FMC by 67.3% in the 4th quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock valued at $7,473,000 after purchasing an additional 47,697 shares during the last quarter. S&CO Inc. lifted its stake in shares of FMC by 6.7% in the 4th quarter. S&CO Inc. now owns 235,126 shares of the basic materials company’s stock valued at $14,824,000 after purchasing an additional 14,710 shares during the last quarter. Raymond James & Associates lifted its stake in shares of FMC by 0.5% in the 4th quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock valued at $7,262,000 after purchasing an additional 610 shares during the last quarter. Invenomic Capital Management LP acquired a new position in shares of FMC in the 4th quarter valued at $18,815,000. Finally, Royal London Asset Management Ltd. lifted its stake in shares of FMC by 2.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 49,181 shares of the basic materials company’s stock valued at $3,101,000 after purchasing an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Up 1.8 %

FMC stock opened at $57.55 on Thursday. The stock has a market capitalization of $7.18 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 1.18 and a beta of 0.88. FMC has a 12 month low of $49.49 and a 12 month high of $106.87. The business has a 50 day simple moving average of $59.90 and a 200-day simple moving average of $59.30. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.46 and a quick ratio of 1.02.

FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a return on equity of 7.68% and a net margin of 27.65%. The business’s revenue was down 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 earnings per share. On average, analysts anticipate that FMC will post 3.6 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s dividend payout ratio (DPR) is presently 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.