Shares of FMC Corp (NYSE:FMC) have been given a consensus rating of “Buy” by the twenty-three ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $98.63.
Several analysts have recently issued reports on the stock. Piper Jaffray Companies set a $90.00 price target on shares of FMC and gave the stock a “hold” rating in a research report on Thursday, February 15th. TheStreet cut shares of FMC from a “b” rating to a “c” rating in a research report on Monday, February 12th. KeyCorp reissued a “buy” rating and set a $112.00 price target on shares of FMC in a research report on Monday, December 4th. Royal Bank of Canada reissued a “buy” rating on shares of FMC in a research report on Wednesday, February 14th. Finally, Stephens assumed coverage on shares of FMC in a research report on Monday, December 4th. They set an “equal weight” rating and a $91.00 price target on the stock.
FMC (NYSE:FMC) opened at $83.55 on Friday. The firm has a market cap of $11,390.00, a PE ratio of 49.15, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60. FMC has a 12 month low of $59.11 and a 12 month high of $98.70. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.65.
FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.05. The business had revenue of $979.60 million for the quarter, compared to analysts’ expectations of $993.57 million. FMC had a net margin of 18.61% and a return on equity of 16.82%. The business’s quarterly revenue was up 42.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. equities analysts forecast that FMC will post 5.45 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.66 annualized dividend and a yield of 0.79%. FMC’s dividend payout ratio (DPR) is 38.82%.
In related news, insider Mark Douglas sold 10,698 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total value of $903,018.18. Following the sale, the insider now owns 63,191 shares of the company’s stock, valued at $5,333,952.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the sale, the insider now directly owns 6,856 shares in the company, valued at approximately $619,302.48. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in FMC in the fourth quarter valued at approximately $123,000. Assetmark Inc. increased its stake in FMC by 212.2% in the fourth quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 1,012 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in FMC by 256.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 1,246 shares during the last quarter. Tiemann Investment Advisors LLC purchased a new position in FMC in the fourth quarter valued at approximately $202,000. Finally, Two Sigma Securities LLC purchased a new position in FMC in the fourth quarter valued at approximately $203,000. Institutional investors own 90.28% of the company’s stock.
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FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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