FMC (NYSE:FMC) Hits New 52-Week Low After Analyst Downgrade

FMC Co. (NYSE:FMC - Get Free Report) shares reached a new 52-week low on Wednesday after Citigroup lowered their price target on the stock from $70.00 to $55.00. Citigroup currently has a neutral rating on the stock. FMC traded as low as $49.24 and last traded at $49.39, with a volume of 1251347 shares. The stock had previously closed at $51.70.

Several other equities analysts have also issued reports on FMC. Mizuho upped their target price on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Royal Bank of Canada upped their price objective on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $67.08.

Insider Activity at FMC

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 value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares of the company's stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Inspire Trust Co. N.A. raised its holdings in shares of 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 valued at $3,970,000 after buying an additional 9,500 shares in the last quarter. Synovus Financial Corp raised its stake in shares of FMC by 82.9% during the third quarter. Synovus Financial Corp now owns 49,892 shares of the basic materials company's stock worth $3,290,000 after acquiring an additional 22,612 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of FMC in the 3rd quarter valued at $58,000. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of FMC in the 3rd quarter valued at $205,000. Finally, Neo Ivy Capital Management bought a new position in shares of FMC during the 3rd quarter valued at $1,256,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market cap of $6.13 billion, a PE ratio of 4.23, a PEG ratio of 1.48 and a beta of 0.80. The business's 50-day moving average is $59.15 and its 200 day moving average is $59.96.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company's quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts predict that FMC Co. will post 3.35 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Tuesday, December 31st. FMC's payout ratio is 19.97%.

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.