FMC Corp (FMC) Receives Consensus Rating of “Buy” from Brokerages
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.
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%.
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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