FMC (NYSE:FMC) Price Target Lowered to $55.00 at Mizuho

FMC (NYSE:FMC - Get Free Report) had its target price dropped by stock analysts at Mizuho from $70.00 to $55.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the basic materials company's stock. Mizuho's price target would indicate a potential upside of 7.57% from the stock's current price.

A number of other analysts have also recently commented on FMC. Citigroup cut their price target on shares of FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. KeyCorp cut their target price on shares of FMC from $79.00 to $69.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Royal Bank of Canada boosted their price target on FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, UBS Group cut their price objective on FMC from $75.00 to $66.00 and set a "buy" rating for the company in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $62.92.

FMC Stock Up 2.9 %

Shares of FMC stock traded up $1.46 during trading on Tuesday, reaching $51.13. The stock had a trading volume of 2,280,619 shares, compared to its average volume of 1,602,805. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 4.40, a P/E/G ratio of 1.41 and a beta of 0.80. The stock has a fifty day moving average price of $55.63 and a two-hundred day moving average price of $59.28. FMC has a 52 week low of $47.71 and a 52 week high of $68.72.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The business's revenue was up 8.5% on a year-over-year basis. Sell-side analysts predict that FMC will post 3.35 EPS for the current fiscal year.

Insider Activity

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.85% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commerce Bank boosted its stake in shares of FMC by 3.7% during the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company's stock valued at $339,000 after purchasing an additional 183 shares in the last quarter. Dark Forest Capital Management LP grew its holdings in FMC by 3.1% during the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company's stock worth $372,000 after acquiring an additional 192 shares during the last quarter. First Horizon Advisors Inc. increased its position in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 246 shares during the period. Benjamin Edwards Inc. raised its stake in shares of FMC by 24.3% during the second quarter. Benjamin Edwards Inc. now owns 1,326 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 259 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of FMC by 5.9% during the third quarter. V Square Quantitative Management LLC now owns 4,747 shares of the basic materials company's stock worth $313,000 after purchasing an additional 265 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.