FMC (NYSE:FMC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FMC (NYSE:FMC) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other equities analysts have also issued reports on FMC. UBS Group raised their price target on shares of FMC from $38.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. KeyCorp raised their price target on shares of FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Wells Fargo & Company reduced their price target 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. The Goldman Sachs Group assumed coverage on shares of FMC in a research report on Thursday, March 13th. They set a “buy” rating and a $51.00 price target for the company. Finally, Redburn Atlantic lowered shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.46.

FMC Stock Up 2.8%

FMC stock opened at $42.75 on Friday. The firm has a 50 day moving average of $39.38 and a 200 day moving average of $43.73. The stock has a market capitalization of $5.34 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC has a 52 week low of $32.83 and a 52 week high of $68.55.

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

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.43%. The ex-dividend date is Monday, June 30th. FMC’s payout ratio is presently 88.55%.

Institutional Investors Weigh In On FMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMC. Financial Harvest LLC purchased a new stake in FMC in the 1st quarter worth $29,000. Elequin Capital LP purchased a new stake in FMC in the 1st quarter worth $30,000. EverSource Wealth Advisors LLC increased its holdings in FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in FMC in the 4th quarter worth $37,000. Finally, Golden State Wealth Management LLC increased its holdings in FMC by 66.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

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.