FMC Corporation (FMC) Given Consensus Rating of “Buy” by Brokerages

FMC Corporation (NYSE:FMC) has earned a consensus rating of “Buy” from the twenty-three analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $89.20.

Several research firms recently weighed in on FMC. Jefferies Group LLC reaffirmed a “buy” rating and issued a $108.00 price objective on shares of FMC Corporation in a report on Thursday, October 12th. Nomura raised shares of FMC Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $97.00 in a report on Friday, August 4th. BidaskClub raised shares of FMC Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of FMC Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Credit Suisse Group set a $93.00 price objective on shares of FMC Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. They noted that the move was a valuation call.

TRADEMARK VIOLATION NOTICE: “FMC Corporation (FMC) Given Consensus Rating of “Buy” by Brokerages” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/10/17/fmc-corporation-fmc-given-consensus-rating-of-buy-by-brokerages.html.

Shares of FMC Corporation (NYSE FMC) traded down 0.62% during trading on Thursday, hitting $94.42. 962,466 shares of the stock were exchanged. The stock has a market cap of $12.66 billion, a P/E ratio of 280.18 and a beta of 1.61. The stock has a 50-day moving average of $89.03 and a 200 day moving average of $79.26. FMC Corporation has a 12-month low of $45.91 and a 12-month high of $94.85.

FMC Corporation (NYSE:FMC) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $656.80 million during the quarter, compared to the consensus estimate of $614.01 million. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. Equities analysts predict that FMC Corporation will post $2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.66 annualized dividend and a yield of 0.70%. FMC Corporation’s payout ratio is presently 188.58%.

In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the sale, the vice president now owns 131,639 shares in the company, valued at approximately $11,057,676. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FMC. UBS Asset Management Americas Inc. increased its holdings in shares of FMC Corporation by 8.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 340,055 shares of the basic materials company’s stock valued at $23,664,000 after purchasing an additional 27,137 shares during the period. Oxford Asset Management acquired a new position in shares of FMC Corporation in the 1st quarter valued at about $550,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of FMC Corporation by 4.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,048 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 214 shares during the period. Victory Capital Management Inc. increased its holdings in shares of FMC Corporation by 686.1% in the 1st quarter. Victory Capital Management Inc. now owns 19,786 shares of the basic materials company’s stock valued at $1,377,000 after purchasing an additional 17,269 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of FMC Corporation by 1.3% in the 1st quarter. Alliancebernstein L.P. now owns 247,449 shares of the basic materials company’s stock valued at $17,220,000 after purchasing

Several research firms recently weighed in on FMC. Jefferies Group LLC reaffirmed a “buy” rating and issued a $108.00 price objective on shares of FMC Corporation in a report on Thursday, October 12th. Nomura raised shares of FMC Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $97.00 in a report on Friday, August 4th. BidaskClub raised shares of FMC Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of FMC Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Credit Suisse Group set a $93.00 price objective on shares of FMC Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. They noted that the move was a valuation call.

TRADEMARK VIOLATION NOTICE: “FMC Corporation (FMC) Given Consensus Rating of “Buy” by Brokerages” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/10/17/fmc-corporation-fmc-given-consensus-rating-of-buy-by-brokerages.html.

Shares of FMC Corporation (NYSE FMC) traded down 0.62% during trading on Thursday, hitting $94.42. 962,466 shares of the stock were exchanged. The stock has a market cap of $12.66 billion, a P/E ratio of 280.18 and a beta of 1.61. The stock has a 50-day moving average of $89.03 and a 200 day moving average of $79.26. FMC Corporation has a 12-month low of $45.91 and a 12-month high of $94.85.

FMC Corporation (NYSE:FMC) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $656.80 million during the quarter, compared to the consensus estimate of $614.01 million. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. Equities analysts predict that FMC Corporation will post $2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.66 annualized dividend and a yield of 0.70%. FMC Corporation’s payout ratio is presently 188.58%.

In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the sale, the vice president now owns 131,639 shares in the company, valued at approximately $11,057,676. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FMC. UBS Asset Management Americas Inc. increased its holdings in shares of FMC Corporation by 8.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 340,055 shares of the basic materials company’s stock valued at $23,664,000 after purchasing an additional 27,137 shares during the period. Oxford Asset Management acquired a new position in shares of FMC Corporation in the 1st quarter valued at about $550,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of FMC Corporation by 4.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,048 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 214 shares during the period. Victory Capital Management Inc. increased its holdings in shares of FMC Corporation by 686.1% in the 1st quarter. Victory Capital Management Inc. now owns 19,786 shares of the basic materials company’s stock valued at $1,377,000 after purchasing an additional 17,269 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of FMC Corporation by 1.3% in the 1st quarter. Alliancebernstein L.P. now owns 247,449 shares of the basic materials company’s stock valued at $17,220,000 after purchasing an additional 3,144 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About FMC Corporation

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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