FMC Corporation (FMC) Stock Rating Reaffirmed by Royal Bank Of Canada

FMC Corporation (NYSE:FMC)‘s stock had its “buy” rating reissued by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They presently have a $93.00 target price on the basic materials company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 2.56% from the company’s previous close.

A number of other analysts also recently commented on FMC. Credit Suisse Group set a $93.00 price target on shares of FMC Corporation and gave the stock a “buy” rating in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Susquehanna Bancshares Inc boosted their price target on shares of FMC Corporation from $86.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, August 8th. BMO Capital Markets boosted their price target on shares of FMC Corporation from $75.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Instinet upgraded shares of FMC Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $97.00 in a research report on Wednesday, August 9th. Finally, KeyCorp restated a “buy” rating and set a $98.00 price target on shares of FMC Corporation in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. FMC Corporation presently has an average rating of “Buy” and an average target price of $87.49.

FMC Corporation (NYSE:FMC) opened at 90.68 on Wednesday. The stock has a market capitalization of $12.16 billion, a PE ratio of 269.08 and a beta of 1.61. The firm has a 50-day moving average of $88.15 and a 200-day moving average of $78.58. FMC Corporation has a one year low of $45.77 and a one year high of $93.44.

FMC Corporation (NYSE:FMC) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The company had revenue of $656.80 million for the quarter, compared to the consensus estimate of $614.01 million. During the same period in the previous year, the firm earned $0.46 EPS. FMC Corporation’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that FMC Corporation will post $2.43 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “FMC Corporation (FMC) Stock Rating Reaffirmed by Royal Bank Of Canada” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/fmc-corporation-fmc-stock-rating-reaffirmed-by-royal-bank-of-canada.html.

In related news, VP Andrea E. Utecht sold 14,174 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $84.00, for a total value of $1,190,616.00. Following the sale, the vice president now directly owns 131,639 shares in the company, valued at approximately $11,057,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Sandhill Capital Partners LLC increased its position in shares of FMC Corporation by 4.0% in the second quarter. Sandhill Capital Partners LLC now owns 244,848 shares of the basic materials company’s stock worth $17,886,000 after acquiring an additional 9,407 shares in the last quarter. Cibc World Markets Corp increased its position in shares of FMC Corporation by 35.5% in the second quarter. Cibc World Markets Corp now owns 18,936 shares of the basic materials company’s stock worth $1,383,000 after acquiring an additional 4,961 shares in the last quarter. Hanseatic Management Services Inc. increased its position in shares of FMC Corporation by 13.3% in the second quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after acquiring an additional 1,688 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of FMC Corporation by 7.1% in the second quarter. New York State Comm

A number of other analysts also recently commented on FMC. Credit Suisse Group set a $93.00 price target on shares of FMC Corporation and gave the stock a “buy” rating in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Susquehanna Bancshares Inc boosted their price target on shares of FMC Corporation from $86.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, August 8th. BMO Capital Markets boosted their price target on shares of FMC Corporation from $75.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Instinet upgraded shares of FMC Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $97.00 in a research report on Wednesday, August 9th. Finally, KeyCorp restated a “buy” rating and set a $98.00 price target on shares of FMC Corporation in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. FMC Corporation presently has an average rating of “Buy” and an average target price of $87.49.

FMC Corporation (NYSE:FMC) opened at 90.68 on Wednesday. The stock has a market capitalization of $12.16 billion, a PE ratio of 269.08 and a beta of 1.61. The firm has a 50-day moving average of $88.15 and a 200-day moving average of $78.58. FMC Corporation has a one year low of $45.77 and a one year high of $93.44.

FMC Corporation (NYSE:FMC) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The company had revenue of $656.80 million for the quarter, compared to the consensus estimate of $614.01 million. During the same period in the previous year, the firm earned $0.46 EPS. FMC Corporation’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that FMC Corporation will post $2.43 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “FMC Corporation (FMC) Stock Rating Reaffirmed by Royal Bank Of Canada” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/fmc-corporation-fmc-stock-rating-reaffirmed-by-royal-bank-of-canada.html.

In related news, VP Andrea E. Utecht sold 14,174 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $84.00, for a total value of $1,190,616.00. Following the sale, the vice president now directly owns 131,639 shares in the company, valued at approximately $11,057,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Sandhill Capital Partners LLC increased its position in shares of FMC Corporation by 4.0% in the second quarter. Sandhill Capital Partners LLC now owns 244,848 shares of the basic materials company’s stock worth $17,886,000 after acquiring an additional 9,407 shares in the last quarter. Cibc World Markets Corp increased its position in shares of FMC Corporation by 35.5% in the second quarter. Cibc World Markets Corp now owns 18,936 shares of the basic materials company’s stock worth $1,383,000 after acquiring an additional 4,961 shares in the last quarter. Hanseatic Management Services Inc. increased its position in shares of FMC Corporation by 13.3% in the second quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after acquiring an additional 1,688 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of FMC Corporation by 7.1% in the second 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 in the last quarter. Finally, Dorsey Wright & Associates purchased a new position in shares of FMC Corporation in the second quarter worth approximately $1,667,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

FMC Corporation 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.

Analyst Recommendations for FMC Corporation (NYSE:FMC)

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