FMC Corporation (NYSE:FMC) PT Raised to $100.00 at Susquehanna Bancshares Inc
FMC Corporation (NYSE:FMC) had its price objective lifted by Susquehanna Bancshares Inc from $86.00 to $100.00 in a research report report published on Tuesday morning. Susquehanna Bancshares Inc currently has a positive rating on the basic materials company’s stock.
Several other equities research analysts have also issued reports on the stock. Credit Suisse Group set a $85.00 price objective on shares of FMC Corporation and gave the company a buy rating in a research note on Thursday, May 4th. Citigroup Inc. lifted their price objective on shares of FMC Corporation from $62.00 to $75.00 and gave the company a neutral rating in a research note on Tuesday, April 11th. TheStreet raised shares of FMC Corporation from a c+ rating to a b- rating in a research note on Thursday, May 4th. Zacks Investment Research raised shares of FMC Corporation from a hold rating to a buy rating and set a $84.00 price objective for the company in a research note on Monday, July 10th. Finally, Jefferies Group LLC lifted their price objective on shares of FMC Corporation from $75.00 to $84.00 and gave the company a buy rating in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $83.40.
Shares of FMC Corporation (FMC) traded down 0.39% on Tuesday, hitting $82.73. The company had a trading volume of 774,942 shares. The company has a 50 day moving average of $77.42 and a 200-day moving average of $70.11. FMC Corporation has a 12-month low of $44.40 and a 12-month high of $85.10. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 245.49 and a beta of 1.62.
FMC Corporation (NYSE:FMC) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The business had revenue of $656.80 million during the quarter, compared to analyst estimates of $614.01 million. During the same quarter in the previous year, the business earned $0.46 EPS. FMC Corporation’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts forecast that FMC Corporation will post $2.43 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.80%. FMC Corporation’s payout ratio is 188.58%.
In other news, insider Eric Norris sold 11,358 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.75, for a total transaction of $860,368.50. Following the transaction, the insider now owns 28,750 shares in the company, valued at approximately $2,177,812.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Andrea E. Utecht sold 14,434 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $74.62, for a total transaction of $1,077,065.08. Following the transaction, the vice president now owns 131,899 shares in the company, valued at approximately $9,842,303.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,489 shares of company stock worth $2,900,120. Insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FMC. Parametrica Management Ltd bought a new position in FMC Corporation during the first quarter valued at about $1,008,000. Weybosset Research & Management LLC bought a new position in FMC Corporation during the first quarter valued at about $4,276,000. First National Bank of Omaha increased its position in FMC Corporation by 15.7% in the first quarter. First National Bank of Omaha now owns 123,768 shares of the basic materials company’s stock valued at $8,283,000 after buying an additional 16,760 shares during the last quarter. E&G Advisors LP bought a new position in FMC Corporation during the first quarter valued at about $348,000. Finally, Gulf International Bank UK Ltd increased its position in FMC Corporation by 5.6% in the first quarter. Gulf International Bank UK Ltd now owns 40,725 shares of the basic materials company’s stock valued at $2,834,000 after buying an additional 2,170 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.
FMC Corporation Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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