FMC (NYSE:FMC) Price Target Cut to $51.00 by Analysts at KeyCorp

FMC (NYSE:FMC - Get Free Report) had its target price dropped by research analysts at KeyCorp from $55.00 to $51.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the basic materials company's stock. KeyCorp's price target points to a potential upside of 33.18% from the stock's current price.

Several other research firms have also recently issued reports on FMC. UBS Group cut shares of FMC from a "buy" rating to a "neutral" rating and lowered their target price for the company from $66.00 to $38.00 in a research note on Friday, February 7th. Redburn Atlantic cut shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price on the stock. in a report on Friday, February 14th. Barclays cut their target price on shares of FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Vertical Research raised FMC to a "hold" rating in a report on Wednesday, February 5th. Finally, Citigroup lifted their price objective on FMC from $55.00 to $61.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $52.23.

FMC Stock Up 0.3 %

Shares of NYSE:FMC traded up $0.11 during trading on Tuesday, reaching $38.30. 2,476,130 shares of the stock traded hands, compared to its average volume of 3,017,433. The stock has a market cap of $4.78 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The stock has a 50-day moving average of $47.97 and a two-hundred day moving average of $56.79. FMC has a 52-week low of $33.80 and a 52-week high of $68.72.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, sell-side analysts expect that FMC will post 3.48 earnings per share for the current fiscal year.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares of the company's stock, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FMC

Hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC bought a new stake in FMC in the 3rd quarter valued at $105,000. Everence Capital Management Inc. bought a new stake in shares of FMC in the third quarter worth about $423,000. Jade Capital Advisors LLC lifted its position in shares of FMC by 104.2% in the third quarter. Jade Capital Advisors LLC now owns 49,000 shares of the basic materials company's stock worth $3,231,000 after buying an additional 25,000 shares in the last quarter. Calton & Associates Inc. boosted its stake in FMC by 74.4% during the third quarter. Calton & Associates Inc. now owns 6,330 shares of the basic materials company's stock valued at $417,000 after buying an additional 2,700 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new position in FMC during the 3rd quarter valued at approximately $429,000. Hedge funds and other 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.