FMC (NYSE:FMC) Downgraded to “Hold” Rating by StockNews.com

FMC (NYSE:FMC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts also recently weighed in on FMC. Barclays cut their price target on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Citigroup increased their price target on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. KeyCorp cut their price target on FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets cut their price target on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $52.23.

FMC Stock Up 0.3 %

Shares of FMC opened at $38.30 on Friday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The business’s fifty day moving average price is $47.97 and its two-hundred day moving average price is $56.79. FMC has a 52 week low of $33.80 and a 52 week high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, analysts predict that FMC will post 3.48 earnings per share for the current year.

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On FMC

A number of large investors have recently added to or reduced their stakes in FMC. Ballentine Partners LLC increased its holdings in FMC by 43.6% during the 3rd quarter. Ballentine Partners LLC now owns 8,770 shares of the basic materials company’s stock worth $578,000 after purchasing an additional 2,661 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of FMC by 111.5% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 9,100 shares of the basic materials company’s stock valued at $600,000 after acquiring an additional 4,798 shares in the last quarter. Convergence Financial LLC grew its holdings in shares of FMC by 44.5% in the 3rd quarter. Convergence Financial LLC now owns 9,813 shares of the basic materials company’s stock valued at $647,000 after acquiring an additional 3,021 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FMC by 70.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,338 shares of the basic materials company’s stock valued at $617,000 after acquiring an additional 3,862 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of FMC by 149.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 42,966 shares of the basic materials company’s stock valued at $2,833,000 after acquiring an additional 25,722 shares in the last quarter. 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.