Brokerages Set FMC Co. (NYSE:FMC) Target Price at $67.00

Shares of FMC Co. (NYSE:FMC - Get Free Report) have earned a consensus rating of "Hold" from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $67.00.

Several equities research analysts have commented on the company. Barclays upped their price objective on FMC from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. BMO Capital Markets increased their price target on shares of FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a report on Friday, August 2nd. KeyCorp dropped their price target on shares of FMC from $81.00 to $79.00 and set an "overweight" rating on the stock 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 note on Friday, July 19th. Finally, Wells Fargo & Company dropped their target price on FMC from $68.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 16th.

FMC Stock Performance

Shares of FMC stock traded up $6.62 during trading on Wednesday, hitting $66.80. 1,261,861 shares of the company's stock were exchanged, compared to its average volume of 1,691,156. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 1.59 and a beta of 0.85. The business has a 50-day simple moving average of $63.18 and a 200-day simple 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 debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business posted $0.44 EPS. The company's revenue was up 8.5% on a year-over-year basis. On average, research analysts forecast that FMC will post 3.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FMC. Greenwood Capital Associates LLC lifted its position in FMC by 5.6% during the third quarter. Greenwood Capital Associates LLC now owns 13,271 shares of the basic materials company's stock worth $875,000 after buying an additional 701 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in shares of FMC during the 3rd quarter worth about $681,000. Asset Management One Co. Ltd. increased its position in shares of FMC by 13.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,809 shares of the basic materials company's stock worth $185,000 after purchasing an additional 330 shares during the last quarter. Old North State Wealth Management LLC acquired a new position in FMC in the third quarter valued at about $2,989,000. Finally, Pallas Capital Advisors LLC increased its position in shares of FMC by 26.7% during the third quarter. Pallas Capital Advisors LLC now owns 10,102 shares of the basic materials company's stock valued at $621,000 after acquiring an additional 2,129 shares during the last quarter. 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.