Somewhat Favorable Media Coverage Somewhat Unlikely to Affect FMC (FMC) Stock Price
News headlines about FMC (NYSE:FMC) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. FMC earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.443871127992 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s rankings:
- What lies ahead for Brazil? The future of the FMCG, retail, and foodservice industries (prnewswire.com)
- FMC Corp. (FMC) Up 29% in 6 Months: What's Driving the Stock? (finance.yahoo.com)
- Albemarle Launches New Granite Technology (finance.yahoo.com)
- FMC Corp (FMC) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- ETFs with exposure to FMC Corp. : December 25, 2017 (finance.yahoo.com)
Several research analysts have commented on the stock. KeyCorp reiterated a “buy” rating and issued a $112.00 target price on shares of FMC in a report on Monday, December 4th. Loop Capital assumed coverage on shares of FMC in a report on Thursday, September 28th. They issued a “buy” rating and a $102.00 target price for the company. BMO Capital Markets raised their target price on shares of FMC from $80.00 to $90.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. They noted that the move was a valuation call. Piper Jaffray Companies set a $85.00 target price on shares of FMC and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, Stephens assumed coverage on shares of FMC in a report on Monday, December 4th. They issued an “equal weight” rating and a $91.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.70.
FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The firm had revenue of $646.20 million for the quarter, compared to analyst estimates of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. research analysts expect that FMC will post 2.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Friday, December 29th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, December 28th. FMC’s payout ratio is presently 45.21%.
In other news, insider Nicholas Pfeiffer sold 375 shares of FMC stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the transaction, the insider now owns 6,856 shares of the company’s stock, valued at $619,302.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.
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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