FMC Corporation (NYSE:FMC) has been given a $100.00 target price by equities researchers at Jefferies Group LLC in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Jefferies Group LLC’s target price points to a potential upside of 20.88% from the stock’s current price.

A number of other equities research analysts have also issued reports on FMC. Credit Suisse Group set a $93.00 target price on shares of FMC Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “hold” rating and set a $85.00 target price on shares of FMC Corporation in a research note on Thursday, August 3rd. BMO Capital Markets lifted their target price on shares of FMC Corporation from $75.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, August 3rd. Instinet raised shares of FMC Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $78.00 to $97.00 in a research note on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc lifted their target price on shares of FMC Corporation from $86.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $83.40.

FMC Corporation (NYSE FMC) opened at 82.73 on Monday. The firm has a market capitalization of $11.10 billion, a P/E ratio of 245.49 and a beta of 1.62. The firm has a 50-day moving average price of $77.42 and a 200 day moving average price of $70.11. FMC Corporation has a one year low of $44.40 and a one year high of $85.10.

FMC Corporation (NYSE:FMC) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $656.80 million during the quarter, compared to analyst estimates of $614.01 million. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts anticipate that FMC Corporation will post $2.43 earnings per share for the current year.

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In related news, insider Mark Douglas sold 12,697 shares of FMC Corporation stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $75.82, for a total value of $962,686.54. Following the transaction, the insider now owns 73,690 shares in the company, valued at approximately $5,587,175.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Norris sold 11,358 shares of FMC Corporation stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $75.75, for a total transaction of $860,368.50. Following the completion of the transaction, the insider now owns 28,750 shares in the company, valued at approximately $2,177,812.50. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of FMC Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 13,437,788 shares of the basic materials company’s stock valued at $935,135,000 after buying an additional 527,494 shares during the period. Glenview Capital Management LLC increased its position in shares of FMC Corporation by 10.8% in the first quarter. Glenview Capital Management LLC now owns 10,577,624 shares of the basic materials company’s stock valued at $736,097,000 after buying an additional 1,029,806 shares during the period. BlackRock Inc. increased its position in shares of FMC Corporation by 2,944.3% in the first quarter. BlackRock Inc. now owns 8,723,379 shares of the basic materials company’s stock valued at $607,062,000 after buying an additional 8,436,830 shares during the period. King Luther Capital Management Corp increased its position in shares of FMC Corporation by 1.3% in the first quarter. King Luther Capital Management Corp now owns 2,899,596 shares of the basic materials company’s stock valued at $201,783,000 after buying an additional 38,036 shares during the period. Finally, York Capital Management Global Advisors LLC purchased a new position in shares of FMC Corporation during the first quarter valued at approximately $167,824,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.

About FMC Corporation

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 Corporation (NYSE:FMC)

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