Mizuho Has Lowered Expectations for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMC) had its target price lowered by stock analysts at Mizuho from $70.00 to $55.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective points to a potential upside of 9.15% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Citigroup decreased their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada raised their price target on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp reduced their price objective on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Finally, UBS Group lowered their target price on shares of FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.92.

FMC Trading Down 1.4 %

NYSE:FMC opened at $50.39 on Tuesday. The firm has a market capitalization of $6.29 billion, a P/E ratio of 4.34, a P/E/G ratio of 1.41 and a beta of 0.80. The business has a 50 day simple moving average of $55.30 and a 200 day simple moving average of $59.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC has a 12-month low of $47.71 and a 12-month high of $68.72.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Equities research analysts predict that FMC will post 3.35 EPS for the current year.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FMC. Millburn Ridgefield Corp grew its stake in FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares in the last quarter. First Horizon Advisors Inc. grew its position in FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares in the last quarter. Mather Group LLC. increased its stake in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after buying an additional 396 shares during the period. Peterson Financial Group Inc. purchased a new stake in FMC in the 3rd quarter worth approximately $51,000. Finally, Brooklyn Investment Group acquired a new stake in shares of FMC during the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

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.