FMC (NYSE:FMC) Price Target Raised to $70.00 at Mizuho

FMC (NYSE:FMC - Free Report) had its target price raised by Mizuho from $64.00 to $70.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the basic materials company's stock.

A number of other research analysts have also recently commented on FMC. JPMorgan Chase & Co. upped their target price on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. KeyCorp decreased their target price on FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Redburn Atlantic raised shares of FMC from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 19th. BMO Capital Markets raised their target price on shares of FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price target on FMC from $68.00 to $62.00 and set an "equal weight" rating for the company in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $68.00.

FMC Trading Down 2.8 %

NYSE:FMC traded down $1.84 during midday trading on Friday, hitting $63.15. 1,088,662 shares of the company traded hands, compared to its average volume of 1,697,158. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.65. The firm's fifty day moving average is $63.21 and its 200-day moving average is $60.88. The firm has a market capitalization of $7.88 billion, a P/E ratio of 5.43, a P/E/G ratio of 1.71 and a beta of 0.85. FMC has a 12-month low of $49.49 and a 12-month high of $68.72.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business's revenue for the quarter was up 8.5% on a year-over-year basis. On average, sell-side analysts predict that FMC will post 3.3 EPS for the current year.

Institutional Trading of FMC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMC. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of FMC by 13.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,422 shares of the basic materials company's stock worth $855,000 after purchasing an additional 1,583 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in FMC by 32.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,467 shares of the basic materials company's stock valued at $539,000 after acquiring an additional 2,084 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of FMC by 15.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 26,119 shares of the basic materials company's stock valued at $1,664,000 after acquiring an additional 3,575 shares during the last quarter. Norden Group LLC acquired a new stake in shares of FMC in the first quarter worth $313,000. Finally, Diversify Advisory Services LLC acquired a new stake in shares of FMC in the first quarter worth $493,000. Institutional investors and hedge funds own 91.86% of the company's stock.

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.