Barclays Has Lowered Expectations for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMC) had its target price dropped by investment analysts at Barclays from $49.00 to $48.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Barclays‘s price objective indicates a potential upside of 28.76% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada lowered their price objective on FMC from $47.00 to $42.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Mizuho upgraded FMC from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a research note on Friday, April 25th. Morgan Stanley lowered their price objective on FMC from $46.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Wells Fargo & Company upgraded FMC from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $41.00 to $50.00 in a research note on Monday, June 23rd. Finally, Wall Street Zen upgraded FMC from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, FMC currently has an average rating of “Hold” and a consensus price target of $49.58.

FMC Trading Down 0.7%

FMC opened at $37.28 on Wednesday. The stock has a market cap of $4.66 billion, a PE ratio of 46.60, a PEG ratio of 1.16 and a beta of 0.75. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $41.46 and a 200-day moving average of $40.44. FMC has a 52 week low of $32.83 and a 52 week high of $67.75.

FMC (NYSE:FMC) last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. Equities research analysts predict that FMC will post 3.48 earnings per share for the current fiscal year.

Institutional Trading of FMC

Large investors have recently modified their holdings of the company. New South Capital Management Inc. grew its holdings in shares of FMC by 9.7% in the first quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company’s stock worth $23,037,000 after acquiring an additional 48,431 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FMC by 608.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company’s stock worth $4,294,000 after acquiring an additional 87,368 shares during the period. Amalgamated Bank grew its holdings in shares of FMC by 56.1% in the first quarter. Amalgamated Bank now owns 37,710 shares of the basic materials company’s stock worth $1,591,000 after acquiring an additional 13,556 shares during the period. GAMMA Investing LLC grew its holdings in shares of FMC by 114.8% in the first quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 2,269 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of FMC by 560.3% in the first quarter. SG Americas Securities LLC now owns 14,982 shares of the basic materials company’s stock worth $632,000 after acquiring an additional 12,713 shares during the period. 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.