Goldman Sachs Group began coverage on shares of FMC (NYSE:FMC) in a research note released on Monday morning, MarketBeat reports. The brokerage issued a neutral rating and a $98.00 target price on the basic materials company’s stock.
Several other brokerages have also commented on FMC. KeyCorp increased their price objective on FMC from $98.00 to $105.00 and gave the company a buy rating in a research report on Monday, October 16th. Piper Jaffray Companies set a $85.00 price objective on FMC and gave the company a hold rating in a research report on Friday, October 6th. Zacks Investment Research lowered FMC from a strong-buy rating to a hold rating in a research report on Friday, November 10th. Jefferies Group restated a buy rating and set a $100.00 price target on shares of FMC in a research report on Friday, September 15th. Finally, Bank of America upgraded FMC from an underperform rating to a buy rating and raised their price target for the stock from $66.00 to $103.00 in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $92.61.
FMC (NYSE FMC) opened at $87.99 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $12,063.42, a PE ratio of 36.08, a PEG ratio of 3.01 and a beta of 1.61. FMC has a 1 year low of $56.35 and a 1 year high of $95.25.
Several hedge funds have recently modified their holdings of the company. Third Point LLC grew its position in shares of FMC by 10.0% in the 3rd quarter. Third Point LLC now owns 2,200,000 shares of the basic materials company’s stock worth $196,482,000 after buying an additional 200,000 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of FMC by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 673,069 shares of the basic materials company’s stock valued at $60,107,000 after purchasing an additional 14,836 shares during the period. New York State Common Retirement Fund lifted its stake in shares of FMC by 7.1% in the 2nd quarter. New York State Common Retirement Fund now owns 327,500 shares of the basic materials company’s stock valued at $23,924,000 after purchasing an additional 21,799 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of FMC by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 288,014 shares of the basic materials company’s stock valued at $25,334,000 after purchasing an additional 165,136 shares during the period. Finally, Nationwide Fund Advisors lifted its stake in shares of FMC by 12.0% in the 3rd quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock valued at $24,911,000 after purchasing an additional 29,858 shares during the period. Hedge funds and other institutional investors own 89.34% of the company’s stock.
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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.
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