Somewhat Positive Media Coverage Extremely Likely to Affect FMC (FMC) Share Price
News stories about FMC (NYSE:FMC) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. FMC earned a daily sentiment score of 2.00 on their scale. InfoTrie also gave news headlines about the basic materials company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted FMC’s ranking:
- FMC (FMC) Board of Directors Approves Share Repurchase Plan (americanbankingnews.com)
- FMC (FMC) Given a $118.00 Price Target at Loop Capital (americanbankingnews.com)
- NCBFAA’s “The New Normal at the FMC” Summit (ajot.com)
- FMC Hikes Dividend, Declares New Share Repurchase Program (finance.yahoo.com)
- FMC (FMC) Down 0.5% Since Last Earnings Report: Can It Rebound? (finance.yahoo.com)
FMC opened at $83.22 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.10 and a current ratio of 1.54. FMC has a twelve month low of $72.73 and a twelve month high of $98.70. The stock has a market capitalization of $11.14 billion, a PE ratio of 30.71, a PEG ratio of 0.91 and a beta of 1.63.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Friday, December 28th will be issued a $0.40 dividend. This is a positive change from FMC’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. FMC’s dividend payout ratio is presently 24.35%.
FMC announced that its board has authorized a stock buyback program on Monday, December 3rd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
A number of brokerages have recently issued reports on FMC. Credit Suisse Group increased their price objective on shares of FMC from $105.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday. ValuEngine cut shares of FMC from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Loop Capital began coverage on shares of FMC in a research note on Friday, November 9th. They issued a “buy” rating and a $118.00 price objective for the company. Citigroup set a $96.00 price objective on shares of FMC and gave the company a “buy” rating in a research note on Sunday, November 11th. Finally, Buckingham Research began coverage on shares of FMC in a research note on Wednesday, November 14th. They issued a “buy” rating and a $106.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $102.08.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.
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