FMC Corporation (NYSE:FMC) Receives Consensus Recommendation of “Hold” from Brokerages

FMC Corporation (NYSE:FMC) has been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $13.85.

Several analysts recently issued reports on FMC shares. Mizuho set a $16.00 target price on shares of FMC in a research report on Tuesday, July 14th. Citigroup reissued a “buy” rating on shares of FMC in a research report on Tuesday, August 4th. Barclays upgraded FMC from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 6th. UBS Group reduced their price target on FMC from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Morgan Stanley decreased their price objective on FMC from $15.50 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in shares of FMC by 379.4% during the second quarter. Sequoia Financial Advisors LLC now owns 65,414 shares of the basic materials company’s stock worth $752,000 after purchasing an additional 51,768 shares in the last quarter. Tidal Investments LLC boosted its stake in FMC by 31.1% in the 2nd quarter. Tidal Investments LLC now owns 25,562 shares of the basic materials company’s stock worth $294,000 after purchasing an additional 6,061 shares during the period. WINTON GROUP Ltd bought a new stake in shares of FMC during the second quarter valued at approximately $171,000. IFP Advisors Inc lifted its holdings in shares of FMC by 99.0% in the second quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock worth $31,000 after buying an additional 1,356 shares in the last quarter. Finally, Nykredit A S bought a new stake in FMC in the 2nd quarter valued at $55,000. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 0.3%

FMC opened at $9.03 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 2.38. The firm has a 50 day moving average price of $10.70 and a 200-day moving average price of $12.49. FMC has a twelve month low of $8.33 and a twelve month high of $31.52. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -0.41 and a beta of 0.45.

FMC (NYSE:FMC) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $895.14 million. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The company’s revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. Equities research analysts forecast that FMC will post 1.25 earnings per share for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.5%. FMC’s dividend payout ratio is -1.45%.

About FMC

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops, manufactures and markets crop protection products for farmers and other agricultural professionals. Its portfolio includes herbicides, insecticides and fungicides used to help protect crops from weeds, insects and diseases.

The company also develops biological and other crop health solutions, supported by research in areas such as plant science, chemistry and biotechnology. FMC’s products are used across a range of crops and growing conditions, and the company serves agricultural markets in North America, Latin America, Europe, Asia and other regions worldwide.

FMC traces its origins to 1883 and has evolved through acquisitions and investments in agricultural technology into a focused crop protection company.