FMC Corp (NYSE:FMC) has received an average recommendation of “Buy” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $97.83.

Several equities research analysts recently commented on FMC shares. Loop Capital dropped their target price on FMC from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Sunday, March 3rd. Zacks Investment Research raised FMC from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. KeyCorp dropped their target price on FMC from $112.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. Credit Suisse Group reissued a “buy” rating and set a $114.00 target price on shares of FMC in a report on Friday, February 1st. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $81.00 target price on shares of FMC in a report on Friday, March 8th.

In other FMC news, Director Robert C. Pallash sold 6,992 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $87.28, for a total value of $610,261.76. Following the transaction, the director now owns 37,458 shares of the company’s stock, valued at $3,269,334.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Andrea E. Utecht sold 30,464 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $84.39, for a total value of $2,570,856.96. Following the completion of the transaction, the vice president now directly owns 104,231 shares in the company, valued at approximately $8,796,054.09. The disclosure for this sale can be found here. Insiders sold 131,880 shares of company stock worth $11,144,839 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Paragon Capital Management LLC bought a new position in shares of FMC in the first quarter valued at $31,000. Raymond James Trust N.A. bought a new position in shares of FMC in the first quarter valued at $202,000. Retirement Systems of Alabama increased its holdings in shares of FMC by 1.0% in the first quarter. Retirement Systems of Alabama now owns 62,702 shares of the basic materials company’s stock valued at $4,817,000 after buying an additional 616 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of FMC by 1,550.9% in the first quarter. Chartwell Investment Partners LLC now owns 222,712 shares of the basic materials company’s stock valued at $17,109,000 after buying an additional 209,222 shares in the last quarter. Finally, DNB Asset Management AS increased its holdings in shares of FMC by 35.1% in the first quarter. DNB Asset Management AS now owns 30,965 shares of the basic materials company’s stock valued at $2,379,000 after buying an additional 8,043 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

NYSE:FMC traded down $0.21 during midday trading on Monday, hitting $79.76. 581,259 shares of the stock were exchanged, compared to its average volume of 974,493. FMC has a one year low of $69.36 and a one year high of $92.95. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.31 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.35 and a quick ratio of 0.98.

FMC (NYSE:FMC) last announced its earnings results on Monday, February 11th. The basic materials company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.05. FMC had a return on equity of 27.73% and a net margin of 10.62%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. On average, sell-side analysts expect that FMC will post 5.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. FMC’s dividend payout ratio is currently 25.44%.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Analyst Recommendations for FMC (NYSE:FMC)

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