StockNews.com Downgrades FMC (NYSE:FMC) to Sell

FMC (NYSE:FMC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other analysts also recently issued reports about the stock. Mizuho lowered their price objective on shares of FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. KeyCorp boosted their target price on shares of FMC from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research report on Wednesday, February 7th. Loop Capital lifted their price objective on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, March 19th. Finally, Roth Mkm began coverage on shares of FMC in a research report on Thursday, January 4th. They set a “buy” rating and a $74.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.75.

FMC Price Performance

NYSE FMC opened at $57.82 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. FMC has a 12-month low of $49.49 and a 12-month high of $124.61. The company has a market capitalization of $7.22 billion, a PE ratio of 5.49, a price-to-earnings-growth ratio of 1.81 and a beta of 0.87. The firm’s 50 day moving average is $58.82 and its 200-day moving average is $58.26.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a net margin of 29.45% and a return on equity of 12.98%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $2.37 earnings per share. Equities research analysts anticipate that FMC will post 3.88 earnings per share for the current fiscal year.

Insider Activity at FMC

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FMC

Several large investors have recently made changes to their positions in FMC. Riverview Trust Co purchased a new stake in shares of FMC during the 1st quarter valued at $27,000. Steward Partners Investment Advisory LLC grew its stake in shares of FMC by 68.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 93 shares during the period. CVA Family Office LLC bought a new position in shares of FMC during the 4th quarter worth $31,000. Financial Connections Group Inc. bought a new position in shares of FMC during the 4th quarter worth $31,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of FMC during the 3rd quarter worth $33,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

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.