FMC (NYSE:FMC) PT Raised to $81.00

FMC (NYSE:FMCFree Report) had its price target increased by Royal Bank of Canada from $65.00 to $81.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

FMC has been the subject of several other research reports. Mizuho increased their price objective on FMC from $55.00 to $57.00 and gave the company a neutral rating in a report on Tuesday, May 7th. UBS Group raised FMC from a neutral rating to a buy rating and raised their price target for the company from $61.00 to $84.00 in a report on Wednesday, March 20th. KeyCorp raised their price target on FMC from $79.00 to $81.00 and gave the company an overweight rating in a report on Wednesday, May 8th. Wolfe Research began coverage on FMC in a report on Friday, March 1st. They set a peer perform rating for the company. Finally, Loop Capital raised their price target on FMC from $55.00 to $65.00 and gave the company a hold rating in a report on Tuesday, March 19th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $70.56.

Get Our Latest Stock Analysis on FMC

FMC Stock Performance

Shares of FMC stock opened at $66.71 on Friday. The stock has a 50-day moving average of $61.56 and a 200-day moving average of $58.06. FMC has a one year low of $49.49 and a one year high of $111.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.46 and a quick ratio of 1.02. The stock has a market cap of $8.33 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88.

FMC (NYSE:FMCGet Free Report) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The firm had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The business’s revenue was down 31.7% on a year-over-year basis. As a group, sell-side analysts expect that FMC will post 3.82 earnings per share for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, June 28th. FMC’s payout ratio is currently 25.89%.

Insider Activity at FMC

In other FMC news, CFO Andrew D. Sandifer acquired 2,150 shares of FMC stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $59.22 per share, with a total value 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 approximately $2,966,211.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by insiders.

Institutional Trading of FMC

Several large investors have recently bought and sold shares of FMC. Riverview Trust Co acquired a new stake in shares of FMC during the first quarter valued at about $27,000. CVA Family Office LLC acquired a new stake in shares of FMC during the fourth quarter valued at about $31,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of FMC during the third quarter valued at about $33,000. Financial Connections Group Inc. acquired a new stake in shares of FMC during the fourth quarter valued at about $31,000. Finally, Spire Wealth Management boosted its stake in shares of FMC by 143.1% during the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 299 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

About FMC

(Get Free Report)

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.

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Analyst Recommendations for FMC (NYSE:FMC)

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