FMC Co. (NYSE:FMC) Receives $49.46 Consensus Price Target from Analysts

Shares of FMC Co. (NYSE:FMC) have been assigned an average rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $49.46.

Several brokerages have commented on FMC. Mizuho upgraded shares of FMC from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a research report on Friday, April 25th. Wells Fargo & Company lowered their price objective on shares of FMC from $43.00 to $41.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. KeyCorp boosted their price objective on shares of FMC from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of FMC from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group boosted their price objective on shares of FMC from $38.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st.

Institutional Investors Weigh In On FMC

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of FMC in the 4th quarter valued at about $29,000. Financial Harvest LLC bought a new stake in shares of FMC in the 1st quarter valued at about $29,000. Elequin Capital LP bought a new stake in shares of FMC in the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in shares of FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after buying an additional 511 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of FMC in the 4th quarter valued at about $37,000. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 2.8%

NYSE FMC opened at $42.75 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC has a 1-year low of $32.83 and a 1-year high of $68.55. The company has a 50 day moving average of $39.38 and a 200-day moving average of $43.73. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.90 and a beta of 0.76.

FMC (NYSE:FMC) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The company had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. On average, equities research analysts expect that FMC will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 5.43%. FMC’s dividend payout ratio is currently 88.55%.

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.