FMC (NYSE:FMC) Shares Up 3.8%

FMC Co. (NYSE:FMCGet Free Report) traded up 3.8% on Friday . The stock traded as high as $57.49 and last traded at $56.46. 890,847 shares were traded during trading, a decline of 56% from the average session volume of 2,012,112 shares. The stock had previously closed at $54.38.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FMC. Wells Fargo & Company increased their price target on FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. UBS Group upgraded FMC from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Wolfe Research began coverage on FMC in a report on Friday, March 1st. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. decreased 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. Finally, Mizuho boosted their target price on FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.56.

View Our Latest Stock Report on FMC

FMC Stock Up 3.9 %

The firm has a market capitalization of $7.05 billion, a P/E ratio of 6.07, a PEG ratio of 1.15 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46. The firm’s 50-day moving average is $59.87 and its 200 day moving average is $59.19.

FMC (NYSE:FMCGet Free Report) last posted its quarterly earnings data 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. FMC had a return on equity of 7.68% and a net margin of 27.65%. The company had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. FMC’s revenue for the quarter was down 31.7% compared to the same quarter last year. As a group, equities research analysts predict that FMC Co. will post 3.6 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.11%. FMC’s dividend payout ratio (DPR) is presently 25.89%.

Institutional Investors Weigh In On FMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in shares of FMC by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 256,886 shares of the basic materials company’s stock valued at $17,204,000 after buying an additional 1,021 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of FMC by 14.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 12,493 shares of the basic materials company’s stock worth $837,000 after purchasing an additional 1,574 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of FMC by 10.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 9,299 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 916 shares during the period. QRG Capital Management Inc. bought a new stake in shares of FMC in the 3rd quarter valued at about $261,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in FMC in the 3rd quarter valued at about $903,000. 91.86% of the stock is owned by institutional investors.

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.

Further Reading

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