FMC (NYSE:FMC) Price Target Cut to $59.00 by Analysts at UBS Group

FMC (NYSE:FMC) had its price target lowered by analysts at UBS Group from $64.00 to $59.00 in a research note issued on Friday. The firm currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target indicates a potential upside of 10.57% from the company’s previous close.

FMC has been the topic of a number of other reports. TheStreet cut FMC from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. Vertical Research upgraded shares of FMC from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Monday, October 16th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $59.00 price target (down previously from $135.00) on shares of FMC in a research note on Tuesday, October 24th. Wells Fargo & Company cut their price objective on shares of FMC from $99.00 to $73.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 target price (down previously from $100.00) on shares of FMC in a research report on Tuesday, October 24th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $88.94.

FMC Stock Down 0.1 %

NYSE FMC traded down $0.07 during trading hours on Friday, hitting $53.36. 204,602 shares of the company traded hands, compared to its average volume of 1,288,425. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.79 and a beta of 0.90. FMC has a twelve month low of $49.49 and a twelve month high of $134.38. The business’s 50-day moving average is $62.76 and its 200-day moving average is $86.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.96 and a current ratio of 1.54.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). FMC had a return on equity of 18.84% and a net margin of 10.01%. The firm had revenue of $981.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. FMC’s quarterly revenue was down 28.7% on a year-over-year basis. Sell-side analysts anticipate that FMC will post 3.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Ronaldo Pereira bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average cost of $75.59 per share, with a total value of $151,180.00. Following the completion of the purchase, the executive vice president now directly owns 21,478 shares in the company, valued at $1,623,522.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Ronaldo Pereira purchased 2,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average price of $75.59 per share, for a total transaction of $151,180.00. Following the completion of the acquisition, the executive vice president now owns 21,478 shares in the company, valued at $1,623,522.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Pfeiffer acquired 992 shares of FMC stock in a transaction on Wednesday, September 13th. The stock was purchased at an average cost of $75.62 per share, with a total value of $75,015.04. Following the purchase, the insider now directly owns 13,056 shares of the company’s stock, valued at approximately $987,294.72. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FMC. Baird Financial Group Inc. boosted its holdings in FMC by 3.1% during the 4th quarter. Baird Financial Group Inc. now owns 2,826 shares of the basic materials company’s stock worth $352,000 after acquiring an additional 84 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of FMC by 0.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 14,050 shares of the basic materials company’s stock valued at $1,715,000 after purchasing an additional 92 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in FMC by 68.9% in the fourth 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. Moody National Bank Trust Division grew its position in shares of FMC by 1.7% during the 2nd quarter. Moody National Bank Trust Division now owns 5,998 shares of the basic materials company’s stock valued at $626,000 after acquiring an additional 99 shares during the period. Finally, Advisor Partners II LLC increased its stake in shares of FMC by 3.4% during the 1st quarter. Advisor Partners II LLC now owns 3,681 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 121 shares during the last quarter. 86.91% of the stock is owned by institutional investors.

About FMC

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 include 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.