FMC (NYSE:FMC) Price Target Cut to $55.00 by Analysts at Mizuho

FMC (NYSE:FMC) had its price objective decreased by equities researchers at Mizuho from $70.00 to $55.00 in a 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 target points to a potential upside of 8.44% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. 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 research note on Thursday, January 2nd. UBS Group reduced their price target on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Citigroup dropped their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Royal Bank of Canada raised their target price on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.92.

FMC Stock Performance

Shares of NYSE FMC traded up $1.05 during trading on Tuesday, reaching $50.72. 317,034 shares of the stock traded hands, compared to its average volume of 1,102,357. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market capitalization of $6.33 billion, a P/E ratio of 4.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80. FMC has a 52-week low of $47.71 and a 52-week high of $68.72. The company has a 50-day moving average of $55.81 and a 200-day moving average of $59.31.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. Analysts forecast that FMC will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.85% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FMC. Barnett & Company Inc. purchased a new position in shares of FMC in the 3rd quarter worth about $2,265,000. Inspire Trust Co. N.A. boosted its stake in FMC by 18.7% in the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock worth $3,970,000 after buying an additional 9,500 shares in the last quarter. Advisors Asset Management Inc. grew its position in FMC by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after acquiring an additional 9,449 shares during the last quarter. First National Bank of Omaha raised its stake in shares of FMC by 85.7% during the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock worth $2,238,000 after acquiring an additional 15,662 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of FMC by 118.4% in the 3rd quarter. Algert Global LLC now owns 58,752 shares of the basic materials company’s stock worth $3,874,000 after acquiring an additional 31,850 shares during the last quarter. 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.