Analysts Set FMC Co. (NYSE:FMC) PT at $67.08

Shares of FMC Co. (NYSE:FMC) have been given an average rating of “Hold” by the fifteen research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $65.69.

A number of research firms recently issued reports on FMC. Mizuho raised their price objective on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Citigroup dropped their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price objective on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group cut their price target on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a report on Friday, December 20th.

FMC Stock Performance

NYSE:FMC opened at $49.74 on Thursday. The company has a market cap of $6.21 billion, a PE ratio of 4.28, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a 50 day simple moving average of $57.93 and a two-hundred day simple moving average of $59.67. FMC has a 12 month low of $47.73 and a 12 month high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. Research analysts forecast that FMC will post 3.35 earnings per share for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be given a $0.58 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.66%. FMC’s dividend payout ratio is currently 19.97%.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FMC

Several large investors have recently added to or reduced their stakes in FMC. Inspire Trust Co. N.A. increased its position in shares of FMC by 18.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after purchasing an additional 9,500 shares during the last quarter. Synovus Financial Corp increased its position in FMC by 82.9% during the third quarter. Synovus Financial Corp now owns 49,892 shares of the basic materials company’s stock valued at $3,290,000 after acquiring an additional 22,612 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of FMC in the third quarter valued at $58,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of FMC in the 3rd quarter worth about $205,000. Finally, Neo Ivy Capital Management purchased a new position in shares of FMC during the 3rd quarter worth about $1,256,000. 91.86% of the stock is owned by institutional investors.

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.