FMC (FMC) Research Coverage Started at Goldman Sachs Group

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.

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

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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About FMC

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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