A number of other research firms have also recently weighed in on FMC. Jefferies Group reaffirmed a buy rating and issued a $108.00 price target on shares of FMC in a report on Thursday, October 12th. Credit Suisse Group reiterated an outperform rating and set a $102.00 price objective (up from $93.00) on shares of FMC in a research note on Wednesday, November 8th. KeyCorp reiterated a buy rating and set a $112.00 price objective on shares of FMC in a research note on Monday, December 4th. Piper Jaffray Companies restated a hold rating and issued a $92.00 price target on shares of FMC in a research report on Friday, November 10th. Finally, Nomura upped their price target on FMC from $97.00 to $106.00 and gave the company a buy rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. FMC has a consensus rating of Buy and a consensus price target of $92.70.
Shares of FMC (NYSE:FMC) traded up $1.07 during midday trading on Monday, reaching $95.73. The company’s stock had a trading volume of 1,180,000 shares, compared to its average volume of 948,283. FMC has a 1-year low of $56.35 and a 1-year high of $96.02. The company has a market cap of $12,850.00, a price-to-earnings ratio of 65.57, a PEG ratio of 3.17 and a beta of 1.61. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70.
FMC (NYSE:FMC) last announced its earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The firm had revenue of $646.20 million for the quarter, compared to the consensus estimate of $686.21 million. FMC had a return on equity of 16.77% and a net margin of 0.78%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 EPS. equities research analysts anticipate that FMC will post 2.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Friday, December 29th will be given a $0.165 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.69%. FMC’s payout ratio is currently 45.21%.
In related news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the completion of the sale, the insider now owns 6,856 shares in the company, valued at $619,302.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Third Point LLC lifted its position in shares of FMC by 10.0% during the 3rd quarter. Third Point LLC now owns 2,200,000 shares of the basic materials company’s stock valued at $196,482,000 after acquiring an additional 200,000 shares during the period. Legal & General Group Plc grew its stake in FMC by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 673,069 shares of the basic materials company’s stock worth $60,107,000 after acquiring an additional 14,836 shares during the period. Parametric Portfolio Associates LLC grew its stake in FMC by 7.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 333,898 shares of the basic materials company’s stock worth $29,820,000 after acquiring an additional 23,051 shares during the period. New York State Common Retirement Fund grew its stake in FMC by 7.1% in the 2nd quarter. New York State Common Retirement Fund now owns 327,500 shares of the basic materials company’s stock worth $23,924,000 after acquiring an additional 21,799 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in FMC by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 288,014 shares of the basic materials company’s stock worth $25,334,000 after acquiring an additional 165,136 shares during the period. Institutional investors own 89.28% of the company’s stock.
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FMC Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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