FMC (NYSE:FMC) PT Lowered to $55.00 at Mizuho

FMC (NYSE:FMCGet Free Report) had its price objective lowered by Mizuho from $59.00 to $55.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective would indicate a potential upside of 1.21% from the company’s previous close.

Several other equities research analysts have also issued reports on FMC. BMO Capital Markets lowered FMC from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $80.00 to $63.00 in a research note on Thursday, December 14th. Bank of America downgraded FMC from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $60.00 to $57.00 in a report on Tuesday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $61.00 target price on shares of FMC in a report on Friday, November 17th. Wells Fargo & Company dropped their price target on FMC from $99.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Monday, October 23rd. Finally, UBS Group upped their price objective on FMC from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $80.13.

Check Out Our Latest Research Report on FMC

FMC Stock Performance

Shares of NYSE FMC traded down $6.08 during mid-day trading on Tuesday, hitting $54.34. The company had a trading volume of 3,511,794 shares, compared to its average volume of 1,663,550. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.77 and a beta of 0.88. FMC has a 1 year low of $49.49 and a 1 year high of $131.77. The company has a current ratio of 1.54, a quick ratio of 0.96 and a debt-to-equity ratio of 0.91. The stock’s 50-day moving average price is $58.64 and its 200-day moving average price is $67.41.

FMC (NYSE:FMCGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.01). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. FMC had a net margin of 10.01% and a return on equity of 18.84%. During the same period in the prior year, the business posted $2.37 EPS. On average, sell-side analysts forecast that FMC will post 3.82 earnings per share for the current year.

Insider Activity

In other news, Director Robert C. Pallash acquired 3,845 shares of FMC stock in a transaction dated Monday, November 27th. The shares were acquired at an average cost of $52.48 per share, for a total transaction of $201,785.60. Following the acquisition, the director now owns 47,871 shares of the company’s stock, valued at $2,512,270.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On FMC

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

FMC Company Profile

(Get Free Report)

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.

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Analyst Recommendations for FMC (NYSE:FMC)

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