FMC Co. (NYSE:FMC) Receives $68.63 Consensus Price Target from Brokerages

Shares of FMC Co. (NYSE:FMC) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $68.63.

A number of research analysts have recently commented on the stock. KeyCorp reduced their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company cut their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. BMO Capital Markets raised their target price on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Finally, Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th.

Hedge Funds Weigh In On FMC

Hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co bought a new stake in FMC in the first quarter valued at $27,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of FMC by 114.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 303 shares in the last quarter. LRI Investments LLC bought a new position in FMC in the first quarter worth $41,000. UMB Bank n.a. lifted its position in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after buying an additional 246 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of FMC by 827.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after buying an additional 612 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Price Performance

FMC stock opened at $62.00 on Tuesday. The firm has a market capitalization of $7.74 billion, a P/E ratio of 6.92, a PEG ratio of 1.49 and a beta of 0.85. FMC has a one year low of $49.49 and a one year high of $77.18. 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 business has a fifty day moving average price of $60.92 and a 200-day moving average price of $60.33.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $0.50 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that FMC will post 3.41 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Monday, September 30th. FMC’s dividend payout ratio (DPR) is presently 25.89%.

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.