FMC (NYSE:FMC – Get Free Report) was upgraded by analysts at Barclays from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.
Several other equities analysts have also recently commented on the stock. Wells Fargo & Company boosted their target price on shares of FMC from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. UBS Group increased their price target on shares of FMC from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Seaport Research Partners set a $21.00 price target on shares of FMC in a research report on Tuesday. Wall Street Zen raised shares of FMC from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, BMO Capital Markets set a $14.00 price objective on shares of FMC in a research report on Friday, July 3rd. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FMC has a consensus rating of “Hold” and an average target price of $14.25.
View Our Latest Stock Analysis on FMC
FMC Stock Down 2.5%
FMC (NYSE:FMC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The business had revenue of $841.40 million during the quarter, compared to the consensus estimate of $895.14 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. FMC’s revenue for the quarter was down 17.5% compared to the same quarter last year. Sell-side analysts forecast that FMC will post 1.26 earnings per share for the current fiscal year.
Institutional Trading of FMC
Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of FMC by 11.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company’s stock valued at $2,171,000 after acquiring an additional 5,091 shares during the last quarter. Focus Partners Wealth grew its position in FMC by 137.7% during the 1st quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company’s stock worth $904,000 after acquiring an additional 12,414 shares during the last quarter. State of Tennessee Department of Treasury increased its holdings in FMC by 45.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 57,504 shares of the basic materials company’s stock worth $2,401,000 after purchasing an additional 17,878 shares in the last quarter. Entropy Technologies LP acquired a new position in FMC in the 3rd quarter worth about $267,000. Finally, Armistice Capital LLC acquired a new position in FMC in the 3rd quarter worth about $204,000. Institutional investors and hedge funds own 91.86% of the company’s stock.
About FMC
FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.
Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.
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