FMC (NYSE:FMC – Get Rating) had its price objective upped by Royal Bank of Canada from $133.00 to $135.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 8.63% from the company’s current price.
A number of other research firms have also recently commented on FMC. Citigroup lifted their objective price on shares of FMC from $127.00 to $128.00 in a research report on Tuesday, October 4th. StockNews.com upgraded shares of FMC from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Mizuho cut their price objective on shares of FMC from $149.00 to $144.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. UBS Group decreased their target price on FMC from $149.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Finally, Credit Suisse Group lifted their price target on FMC from $105.00 to $112.00 and gave the stock an “underperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.09.
FMC stock performance
Shares of FMC stock traded up $0.93 on Friday, reaching $124.27. The stock had a trading volume of 6,564 shares, compared to its average volume of 904,855. FMC has a 12 month low of $98.24 and a 12 month high of $140.99. The company has a quick ratio of 0.99, a current ratio of 1.38 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.61 and a beta of 0.83. The firm’s 50-day moving average is $111.70 and its two-hundred day moving average is $113.54.
FMC (NYSE:FMC – Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.35 billion. FMC had a return on equity of 29.61% and a net margin of 11.72%. During the same quarter in the prior year, the company earned $1.81 earnings per share. On average, research analysts expect that FMC will post 7.44 EPS for the current fiscal year.
Institutional Trading of FMC
Large investors have recently modified their holdings of the stock. Private Trust Co. NA bought a new stake in FMC during the second quarter worth about $28,000. CENTRAL TRUST Co bought a new stake in shares of FMC during the 1st quarter worth approximately $34,000. West Financial Advisors LLC acquired a new stake in shares of FMC during the 3rd quarter worth approximately $28,000. Alpha Paradigm Partners LLC bought a new position in FMC in the second quarter valued at approximately $31,000. Finally, Parkside Financial Bank & Trust raised its position in FMC by 99.4% during the first quarter. Parkside Financial Bank & Trust now owns 351 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 175 shares in the last quarter. 87.42% of the stock is owned by institutional investors and hedge funds.
About FMC
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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 include 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.
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