FMC (NYSE:FMC) Upgraded by Wall Street Zen to “Hold” Rating

FMC (NYSE:FMC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also recently issued reports on FMC. KeyCorp lifted their target price on shares of FMC from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. The Goldman Sachs Group started coverage on shares of FMC in a research note on Thursday, March 13th. They issued a “buy” rating and a $51.00 target price for the company. UBS Group lifted their target price on shares of FMC from $38.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Wells Fargo & Company cut their target price on shares of FMC from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Finally, Mizuho upgraded shares of FMC from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.46.

FMC Stock Down 4.3%

NYSE FMC opened at $41.44 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average is $39.21 and its two-hundred day moving average is $43.84. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.90 and a beta of 0.76. FMC has a 1-year low of $32.83 and a 1-year high of $68.55.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. FMC had a return on equity of 9.67% and a net margin of 8.03%. The company had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. During the same period in the previous year, the business earned $0.36 earnings per share. The company’s quarterly revenue was down 13.8% on a year-over-year basis. Equities analysts forecast that FMC will post 3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Financial Harvest LLC acquired a new stake in FMC during the 1st quarter worth $29,000. Elequin Capital LP acquired a new stake in FMC during the 1st quarter worth $30,000. EverSource Wealth Advisors LLC grew its holdings in FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 511 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in FMC during the 4th quarter worth $37,000. Finally, IFP Advisors Inc grew its holdings in FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 379 shares during the period. 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.