Somewhat Favorable News Coverage Somewhat Unlikely to Impact FMC Corporation (FMC) Stock Price
Media coverage about FMC Corporation (NYSE:FMC) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FMC Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.9989730338485 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- The National Organic Program Is Getting a New Boss, Here’s Why That’s Long Overdue (inthesetimes.com)
- FMC Corporation (FMC) stock RSI moves to 76.30-Overbought Alert – Voice Of Analysts (analystsbuzz.com)
- FMC Corporation Receives Antitrust Clearances Needed to Close Proposed Acquisition of DuPont Crop Protection … – PR Newswire (press release) (prnewswire.com)
- Latin America Organophosphate Pesticides Market by Ingredients (emailwire.com)
- Global Biopesticides Market Estimated to Reach US$ 9,557.8 Mn by 2025: Transparency Market Research (itbusinessnet.com)
FMC has been the topic of several research reports. Bank of America Corporation raised shares of FMC Corporation from an “underperform” rating to a “buy” rating and lifted their price target for the company from $66.00 to $103.00 in a report on Thursday, August 31st. Zacks Investment Research raised shares of FMC Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Monday, July 10th. Seaport Global Securities lowered shares of FMC Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $82.00 to $80.00 in a report on Tuesday, July 18th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $85.00 price target on shares of FMC Corporation in a report on Tuesday, September 5th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $84.00 price target on shares of FMC Corporation in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.04.
Shares of FMC Corporation (NYSE FMC) opened at 89.95 on Friday. The firm has a market capitalization of $12.06 billion, a P/E ratio of 266.91 and a beta of 1.60. FMC Corporation has a 52-week low of $45.77 and a 52-week high of $92.40. The company’s 50-day moving average is $85.49 and its 200 day moving average is $75.38.
FMC Corporation (NYSE:FMC) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. The company had revenue of $656.80 million for the quarter, compared to analysts’ expectations of $614.01 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that FMC Corporation will post $2.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 28th. FMC Corporation’s payout ratio is 188.58%.
In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the transaction, the vice president now owns 131,639 shares in the company, valued at approximately $11,057,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.
FMC Corporation 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.
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