FMC (NYSE:FMC) Stock Rating Upgraded by Mizuho

FMC (NYSE:FMC - Get Free Report) was upgraded by research analysts at Mizuho from a "neutral" rating to an "outperform" rating in a research note issued on Friday,Briefing.com Automated Import reports. The firm presently has a $49.00 price objective on the basic materials company's stock. Mizuho's price objective indicates a potential upside of 19.86% from the stock's current price.

Several other research analysts also recently commented on the company. The Goldman Sachs Group assumed coverage on FMC in a report on Thursday, March 13th. They issued a "buy" rating and a $51.00 price objective on the stock. Bank of America reiterated an "underperform" rating and set a $48.00 price objective (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Morgan Stanley lowered their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Redburn Atlantic downgraded shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target for the company. in a research report on Friday, February 14th. Finally, BMO Capital Markets decreased their target price on shares of FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $48.92.

FMC Stock Up 4.0 %

Shares of FMC opened at $40.88 on Friday. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.90 and a beta of 0.83. The business's fifty day moving average price is $39.20 and its two-hundred day moving average price is $49.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. FMC has a 52 week low of $32.83 and a 52 week high of $68.72.

FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, analysts predict that FMC will post 3.48 earnings per share for the current year.

Insider Activity

In other news, Director Carol Anthony Davidson acquired 6,000 shares of FMC stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $37.33 per share, with a total value of $223,980.00. Following the completion of the purchase, the director now owns 6,000 shares of the company's stock, valued at $223,980. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ronaldo Pereira purchased 5,600 shares of FMC stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, with a total value of $200,312.00. Following the transaction, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. This represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Convergence Financial LLC increased its stake in shares of FMC by 8.0% in the first quarter. Convergence Financial LLC now owns 12,528 shares of the basic materials company's stock worth $529,000 after acquiring an additional 929 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of FMC by 608.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company's stock worth $4,294,000 after purchasing an additional 87,368 shares in the last quarter. Old North State Wealth Management LLC raised its stake in shares of FMC by 89.6% during the 1st quarter. Old North State Wealth Management LLC now owns 110,326 shares of the basic materials company's stock worth $4,655,000 after purchasing an additional 52,145 shares in the last quarter. Hedges Asset Management LLC grew its stake in shares of FMC by 62.0% in the 1st quarter. Hedges Asset Management LLC now owns 32,400 shares of the basic materials company's stock valued at $1,367,000 after buying an additional 12,400 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in FMC by 66.6% in the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after buying an additional 402 shares during the last quarter. Institutional investors and hedge funds 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.

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