Research Analysts’ Weekly Ratings Updates for FMC (FMC)

Several analysts have recently updated their ratings and price targets for FMC (NYSE: FMC):

• 8/12/2024 – FMC had its price target raised by analysts at JPMorgan Chase & Co. from $50.00 to $59.00. They now have a “neutral” rating on the stock.
• 8/5/2024 – FMC had its price target raised by analysts at Barclays PLC from $62.00 to $65.00. They now have an “equal weight” rating on the stock.
• 8/2/2024 – FMC had its price target lowered by analysts at KeyCorp from $81.00 to $79.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – FMC had its price target raised by analysts at BMO Capital Markets from $60.00 to $65.00. They now have a “market perform” rating on the stock.
• 7/19/2024 – FMC was upgraded by analysts at Redburn Atlantic from a “hold” rating to a “strong-buy” rating.
• 7/16/2024 – FMC had its price target lowered by analysts at Wells Fargo & Company from $68.00 to $62.00. They now have an “equal weight” rating on the stock.
• 6/26/2024 – FMC is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $62.00 price target on the stock.

FMC Stock Performance

FMC traded down $0.10 on Thursday, hitting $63.87. The company’s stock had a trading volume of 260,835 shares, compared to its average volume of 1,917,926. The company’s 50 day simple moving average is $58.58 and its 200-day simple moving average is $59.19. The firm has a market cap of $7.97 billion, a P/E ratio of 7.13, a price-to-earnings-growth ratio of 1.65 and a beta of 0.84. FMC Co. has a 12 month low of $49.49 and a 12 month high of $89.27. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.55 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. FMC’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.50 EPS. Analysts forecast that FMC Co. will post 3.17 EPS for the current year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Monday, September 30th. FMC’s payout ratio is 25.89%.

Institutional Investors Weigh In On FMC

Institutional investors have recently made changes to their positions in the company. Norden Group LLC purchased a new stake in shares of FMC during the first quarter valued at approximately $4,700,000. Leeward Investments LLC MA boosted its holdings in FMC by 62.8% in the first quarter. Leeward Investments LLC MA now owns 193,156 shares of the basic materials company’s stock worth $12,304,000 after purchasing an additional 74,529 shares during the last quarter. S&CO Inc. boosted its holdings in FMC by 6.7% in the fourth quarter. S&CO Inc. now owns 235,126 shares of the basic materials company’s stock worth $14,824,000 after purchasing an additional 14,710 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in FMC in the fourth quarter worth approximately $18,815,000. Finally, SG Americas Securities LLC boosted its holdings in FMC by 396.9% in the first quarter. SG Americas Securities LLC now owns 70,268 shares of the basic materials company’s stock worth $4,476,000 after purchasing an additional 56,128 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

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.