KeyCorp Issues Pessimistic Forecast for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMC - Free Report) had its target price lowered by KeyCorp from $79.00 to $69.00 in a report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the basic materials company's stock.

FMC has been the topic of several other research reports. UBS Group lowered their price objective on shares of FMC from $75.00 to $66.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Citigroup decreased their price target on shares of FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Mizuho raised their price objective on FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $64.92.

FMC Stock Performance

NYSE:FMC traded up $0.13 during midday trading on Thursday, reaching $48.74. 1,311,443 shares of the company traded hands, compared to its average volume of 1,655,068. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 4.19, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. FMC has a twelve month low of $47.71 and a twelve month high of $68.72. The company has a fifty day moving average price of $56.57 and a 200 day moving average price of $59.42.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $0.44 earnings per share. FMC's revenue was up 8.5% compared to the same quarter last year. On average, analysts expect that FMC will post 3.35 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 4.76%. FMC's dividend payout ratio (DPR) is presently 19.97%.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FMC. Barnett & Company Inc. bought a new stake in FMC during the third quarter worth about $2,265,000. Inspire Trust Co. N.A. grew its position in FMC by 18.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock worth $3,970,000 after acquiring an additional 9,500 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in FMC by 27.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company's stock valued at $2,867,000 after purchasing an additional 9,449 shares in the last quarter. First National Bank of Omaha raised its position in FMC by 85.7% in the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company's stock valued at $2,238,000 after purchasing an additional 15,662 shares during the last quarter. Finally, Algert Global LLC boosted its stake in FMC by 118.4% in the third quarter. Algert Global LLC now owns 58,752 shares of the basic materials company's stock worth $3,874,000 after purchasing an additional 31,850 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

About FMC

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.