FMC (NYSE:FMC) PT Lowered to $59.00

FMC (NYSE:FMC) had its target price decreased by analysts at UBS Group from $64.00 to $59.00 in a report issued on Friday. The brokerage currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price objective would indicate a potential upside of 10.57% from the stock’s current price.

Several other brokerages also recently issued reports on FMC. BMO Capital Markets lowered their price objective on shares of FMC from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, October 24th. KeyCorp lowered their target price on FMC from $107.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, October 24th. Redburn Atlantic reiterated a “neutral” rating and issued a $71.00 price target on shares of FMC in a research note on Monday, September 25th. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $59.00 target price (down from $135.00) on shares of FMC in a research report on Tuesday, October 24th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and a consensus target price of $88.94.

FMC Trading Down 0.1 %

FMC stock traded down $0.07 during midday trading on Friday, reaching $53.36. The stock had a trading volume of 204,602 shares, compared to its average volume of 1,288,425. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.96 and a current ratio of 1.54. FMC has a twelve month low of $49.49 and a twelve month high of $134.38. The stock has a market capitalization of $6.66 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90. The stock’s 50-day simple moving average is $62.76 and its 200 day simple moving average is $86.83.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). FMC had a net margin of 10.01% and a return on equity of 18.84%. The business had revenue of $981.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm earned $1.23 earnings per share. The company’s quarterly revenue was down 28.7% on a year-over-year basis. Analysts expect that FMC will post 3.81 EPS for the current year.

Insider Transactions at FMC

In other FMC news, EVP Ronaldo Pereira bought 2,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average cost of $75.59 per share, for a total transaction of $151,180.00. Following the transaction, the executive vice president now directly owns 21,478 shares in the company, valued at $1,623,522.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Nicholas Pfeiffer acquired 992 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $75.62 per share, for a total transaction of $75,015.04. Following the completion of the purchase, the insider now directly owns 13,056 shares of the company’s stock, valued at $987,294.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronaldo Pereira purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average cost of $75.59 per share, with a total value of $151,180.00. Following the completion of the purchase, the executive vice president now owns 21,478 shares in the company, valued at approximately $1,623,522.02. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

Institutional Trading of FMC

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of FMC by 9.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,326 shares of the basic materials company’s stock valued at $1,359,000 after purchasing an additional 908 shares in the last quarter. Acadian Asset Management LLC purchased a new position in FMC during the first quarter valued at approximately $191,000. Cibc World Market Inc. acquired a new position in shares of FMC in the first quarter worth $224,000. Prudential PLC purchased a new stake in shares of FMC during the 1st quarter worth about $383,000. Finally, National Pension Service grew its stake in shares of FMC by 872,245.0% in the 1st quarter. National Pension Service now owns 174,469 shares of the basic materials company’s stock valued at $22,955,000 after buying an additional 174,449 shares in the last quarter. 86.91% of the stock is owned by hedge funds and other institutional investors.

FMC Company Profile

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 include 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.