FMC Co. (NYSE:FMC) Given Average Recommendation of “Hold” by Brokerages

FMC Co. (NYSE:FMC) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $67.00.

A number of equities research analysts have recently commented on FMC shares. Wells Fargo & Company cut their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. JPMorgan Chase & Co. increased their price target on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays boosted their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. KeyCorp dropped their target price on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th.

FMC Trading Down 2.2 %

Shares of FMC stock opened at $60.16 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $63.18 and a 200 day simple moving average of $60.77. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $68.72. The stock has a market capitalization of $7.51 billion, a P/E ratio of 5.43, a P/E/G ratio of 1.59 and a beta of 0.85.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. On average, sell-side analysts expect that FMC will post 3.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FMC

Institutional investors have recently bought and sold shares of the stock. Mather Group LLC. increased its holdings in shares of FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. LRI Investments LLC bought a new position in shares of FMC in the first quarter valued at approximately $39,000. UMB Bank n.a. lifted its stake in shares of FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after buying an additional 246 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of FMC during the 1st quarter worth $45,000. Finally, EntryPoint Capital LLC grew its stake in FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after buying an additional 795 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.