FMC’s (FMC) “Buy” Rating Reiterated at KeyCorp

KeyCorp reaffirmed their buy rating on shares of FMC (NYSE:FMC) in a research report released on Monday morning. The brokerage currently has a $112.00 target price on the basic materials company’s stock. KeyCorp also issued estimates for FMC’s FY2018 earnings at $5.50 EPS.

A number of other brokerages have also recently issued reports on FMC. BMO Capital Markets increased their price objective on shares of FMC from $80.00 to $90.00 and gave the stock a market perform rating in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Credit Suisse Group restated an outperform rating and set a $102.00 target price (up previously from $93.00) on shares of FMC in a research report on Wednesday, November 8th. Bank of America upped their target price on shares of FMC from $103.00 to $105.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. Goldman Sachs Group assumed coverage on shares of FMC in a research report on Monday. They set a neutral rating and a $98.00 target price for the company. Finally, Nomura upped their target price on shares of FMC from $97.00 to $106.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. FMC currently has a consensus rating of Buy and an average target price of $92.61.

Shares of FMC (FMC) opened at $87.99 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. The stock has a market cap of $12,280.93, a price-to-earnings ratio of 36.74, a PEG ratio of 3.06 and a beta of 1.61. FMC has a 52 week low of $56.35 and a 52 week high of $95.25.

FMC (NYSE:FMC) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The firm had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. research analysts anticipate that FMC will post 2.65 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its holdings in shares of FMC by 0.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock worth $8,077,000 after acquiring an additional 572 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of FMC by 1.8% in the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after acquiring an additional 600 shares during the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of FMC by 13.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after acquiring an additional 1,688 shares during the last quarter. Advisor Partners LLC bought a new stake in shares of FMC in the 3rd quarter worth about $216,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of FMC in the 3rd quarter worth about $246,000. Hedge funds and other institutional investors own 89.34% of the company’s stock.

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FMC Company Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

Analyst Recommendations for FMC (NYSE:FMC)

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