Brokerages Set FMC Co. (NYSE:FMC) PT at $68.47

Shares of FMC Co. (NYSE:FMC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seventeen analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $68.47.

Several research firms have recently issued reports on FMC. Wells Fargo & Company dropped their price objective on shares of FMC from $68.00 to $62.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 16th. BMO Capital Markets lifted their price objective on FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a report on Friday, August 2nd. Barclays upped their target price on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. KeyCorp lowered their price target on shares of FMC from $81.00 to $79.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 12th.

FMC Stock Performance

FMC stock traded down $0.03 during mid-day trading on Friday, reaching $63.98. 469,372 shares of the stock traded hands, compared to its average volume of 1,766,473. The firm has a market capitalization of $7.99 billion, a PE ratio of 7.14, a P/E/G ratio of 1.57 and a beta of 0.85. The business has a 50-day moving average of $63.06 and a two-hundred day moving average of $60.77. FMC has a 52 week low of $49.49 and a 52 week high of $68.72. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $0.50 EPS. The company's revenue was up 2.4% on a year-over-year basis. As a group, equities analysts predict that FMC will post 3.41 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.58 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.32 annualized dividend and a yield of 3.63%. FMC's payout ratio is 25.89%.

Institutional Trading of FMC

Large investors have recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in shares of FMC in the first quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of FMC by 114.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company's stock valued at $36,000 after buying an additional 303 shares during the period. LRI Investments LLC bought a new stake in shares of FMC during the first quarter worth $39,000. UMB Bank n.a. lifted its stake in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after acquiring an additional 246 shares during the period. Finally, Sentry Investment Management LLC bought a new position in FMC in the first quarter valued at about $45,000. Institutional investors 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.