StockNews.com Upgrades FMC (NYSE:FMC) to “Hold”

FMC (NYSE:FMC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other research firms have also recently commented on FMC. BNP Paribas cut FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target on the stock. in a research note on Wednesday, February 7th. UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Wolfe Research started coverage on shares of FMC in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Royal Bank of Canada lowered their target price on shares of FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, KeyCorp raised their price target on FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.69.

FMC Trading Down 2.9 %

NYSE:FMC traded down $1.92 on Wednesday, reaching $64.83. The company’s stock had a trading volume of 2,705,738 shares, compared to its average volume of 1,990,886. The stock has a 50 day moving average price of $60.99 and a 200 day moving average price of $57.84. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. FMC has a 12-month low of $49.49 and a 12-month high of $112.10.

FMC (NYSE:FMC) last announced its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $918.00 million during the quarter, compared to analyst estimates of $1.01 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. FMC’s revenue was down 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 earnings per share. On average, equities analysts anticipate that FMC will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the purchase, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On FMC

A number of large investors have recently bought and sold shares of the company. North Point Portfolio Managers Corp OH increased its stake in shares of FMC by 67.3% during the fourth quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock worth $7,473,000 after acquiring an additional 47,697 shares during the period. Raymond James & Associates raised its stake in shares of FMC by 0.5% during the 4th quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock worth $7,262,000 after buying an additional 610 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of FMC by 37.9% in the 3rd quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock valued at $118,166,000 after buying an additional 484,500 shares during the period. Nordea Investment Management AB boosted its stake in shares of FMC by 15.4% in the third quarter. Nordea Investment Management AB now owns 14,195 shares of the basic materials company’s stock valued at $950,000 after buying an additional 1,889 shares in the last quarter. Finally, Exencial Wealth Advisors LLC acquired a new position in FMC during the third quarter worth $664,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

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.