FMC Co. (NYSE:FMC) Given Average Rating of “Hold” by Analysts

FMC Co. (NYSE:FMC) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $49.46.

FMC has been the subject of a number of recent research reports. Redburn Atlantic cut shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a report on Friday, February 14th. KeyCorp upped their target price on FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Wall Street Zen downgraded FMC from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. The Goldman Sachs Group initiated coverage on shares of FMC in a research note on Thursday, March 13th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, UBS Group raised their price target on shares of FMC from $38.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st.

FMC Price Performance

Shares of NYSE:FMC opened at $44.05 on Thursday. The firm’s 50 day moving average is $38.90 and its two-hundred day moving average is $44.31. The firm has a market capitalization of $5.50 billion, a P/E ratio of 16.20, a PEG ratio of 1.90 and a beta of 0.76. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC has a 52 week low of $32.83 and a 52 week high of $68.55.

FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The company had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same period in the prior year, the company earned $0.36 EPS. FMC’s revenue was down 13.8% on a year-over-year basis. Analysts anticipate that FMC will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 5.27%. FMC’s payout ratio is currently 88.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WP Advisors LLC lifted its position in FMC by 3.3% during the fourth quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 200 shares during the period. Principal Securities Inc. lifted its position in shares of FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after buying an additional 255 shares in the last quarter. Arizona State Retirement System raised its position in shares of FMC by 0.8% during the 4th quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company’s stock valued at $1,761,000 after buying an additional 285 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of FMC by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company’s stock valued at $2,905,000 after acquiring an additional 286 shares during the period. Finally, Algert Global LLC lifted its stake in FMC by 0.5% in the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company’s stock worth $2,871,000 after purchasing an additional 300 shares during the last quarter. 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.