FMC (NYSE:FMC) Stock Rating Upgraded by StockNews.com

FMC (NYSE:FMC) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other research firms have also recently commented on FMC. Wolfe Research started coverage on shares of FMC in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada cut their price objective on shares of FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. BNP Paribas downgraded FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Wednesday, February 7th. Loop Capital lifted their price target on FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company upped their price objective on FMC from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, FMC currently has an average rating of “Hold” and an average price target of $71.69.

FMC Stock Performance

Shares of FMC stock opened at $67.02 on Wednesday. The stock has a market cap of $8.37 billion, a P/E ratio of 6.36, a P/E/G ratio of 1.99 and a beta of 0.88. The company has a fifty day moving average price of $61.20 and a two-hundred day moving average price of $57.90. FMC has a one year low of $49.49 and a one year high of $112.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01.

FMC (NYSE:FMC) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. FMC’s revenue was down 31.7% on a year-over-year basis. During the same period last year, the business posted $1.77 EPS. As a group, equities analysts predict that FMC will post 3.88 EPS for the current year.

Insider Buying and Selling at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of FMC stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the purchase, the chief financial officer now owns 50,088 shares in the company, valued at approximately $2,966,211.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in shares of FMC by 15.3% in the fourth quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock valued at $791,137,000 after buying an additional 1,666,096 shares during the period. Tweedy Browne Co LLC raised its holdings in FMC by 105.1% during the 4th quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock worth $186,745,000 after purchasing an additional 1,518,053 shares during the last quarter. Norges Bank acquired a new position in shares of FMC in the 4th quarter worth approximately $83,227,000. Russell Investments Group Ltd. boosted its stake in shares of FMC by 517.5% in the 4th quarter. Russell Investments Group Ltd. now owns 809,382 shares of the basic materials company’s stock valued at $51,032,000 after purchasing an additional 678,307 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of FMC by 175.2% during the third quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock worth $55,978,000 after buying an additional 532,158 shares during the period. 91.86% of the stock is owned by 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.