FMC Co. (NYSE:FMC) Given Consensus Rating of “Hold” by Brokerages

Shares of FMC Co. (NYSE:FMC) have earned an average recommendation of “Hold” from the eighteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $69.71.

Several equities analysts recently weighed in on the company. StockNews.com raised FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. KeyCorp increased their price objective on FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Royal Bank of Canada boosted their target price on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Barclays started coverage on shares of FMC in a report on Wednesday, June 26th. They issued an “equal weight” rating and a $62.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, May 13th.

FMC Trading Up 1.1 %

Shares of FMC stock opened at $59.60 on Monday. FMC has a 12 month low of $49.49 and a 12 month high of $96.81. The company has a market cap of $7.44 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.84. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $57.96 and its two-hundred day moving average is $58.72.

FMC (NYSE:FMC) last posted its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The business had revenue of $918.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business posted $1.77 EPS. FMC’s revenue was down 31.7% compared to the same quarter last year. Equities analysts predict that FMC will post 3.43 EPS for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Monday, September 30th. FMC’s dividend payout ratio (DPR) is 25.89%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in shares of FMC during the 1st quarter worth about $27,000. Financial Connections Group Inc. bought a new stake in FMC during the fourth quarter worth about $31,000. CVA Family Office LLC acquired a new stake in shares of FMC during the fourth quarter worth approximately $31,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of FMC by 114.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 303 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of FMC in the 1st quarter worth approximately $39,000. 91.86% of the stock is owned by 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 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.