Several analysts have recently updated their ratings and price targets for FMC (NYSE: FMC):

  • 8/9/2019 – FMC was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $103.00 price target on the stock, up previously from $87.00.
  • 8/2/2019 – FMC was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating.
  • 8/1/2019 – FMC had its price target raised by analysts at Credit Suisse Group AG from $97.00 to $102.00. They now have an “outperform” rating on the stock.
  • 8/1/2019 – FMC was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating.
  • 8/1/2019 – FMC was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating. They now have a $100.00 price target on the stock.
  • 8/1/2019 – FMC had its price target raised by analysts at Buckingham Research from $94.00 to $100.00. They now have a “buy” rating on the stock.
  • 8/1/2019 – FMC had its price target raised by analysts at Nomura from $93.00 to $100.00. They now have a “buy” rating on the stock.
  • 8/1/2019 – FMC had its price target raised by analysts at SunTrust Banks, Inc. to $98.00. They now have a “buy” rating on the stock.

NYSE FMC traded up $0.79 during trading on Wednesday, reaching $86.18. 423,731 shares of the company’s stock were exchanged, compared to its average volume of 1,046,365. FMC Corp has a fifty-two week low of $69.36 and a fifty-two week high of $92.76. The firm has a market capitalization of $11.14 billion, a PE ratio of 13.70, a P/E/G ratio of 1.43 and a beta of 1.49. The company has a current ratio of 1.27, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The company’s fifty day simple moving average is $84.89 and its 200-day simple moving average is $81.14.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.03. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. FMC had a return on equity of 27.33% and a net margin of 10.65%. FMC’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. Equities analysts forecast that FMC Corp will post 5.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 27th. This represents a $1.60 annualized dividend and a yield of 1.86%. FMC’s dividend payout ratio (DPR) is presently 25.44%.

In related news, insider Nicholas Pfeiffer sold 2,446 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $80.67, for a total transaction of $197,318.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Pierre R. Brondeau sold 196,466 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $88.90, for a total value of $17,465,827.40. Following the transaction, the chief executive officer now directly owns 368,778 shares of the company’s stock, valued at $32,784,364.20. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in FMC by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 1,701,688 shares of the basic materials company’s stock valued at $125,630,000 after buying an additional 128,306 shares during the period. Retirement Systems of Alabama boosted its position in FMC by 1.0% during 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 during the period. Raymond James Trust N.A. purchased a new stake in FMC during the first quarter valued at about $202,000. Pennsylvania Trust Co purchased a new stake in FMC during the first quarter valued at about $48,000. Finally, IFM Investors Pty Ltd boosted its position in FMC by 12.9% during the first quarter. IFM Investors Pty Ltd now owns 9,703 shares of the basic materials company’s stock valued at $745,000 after buying an additional 1,110 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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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