Loop Capital began coverage on shares of FMC (NYSE:FMC) in a report published on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $118.00 price target on the basic materials company’s stock.

A number of other research analysts have also weighed in on the company. ValuEngine lowered FMC from a hold rating to a sell rating in a research note on Wednesday, October 17th. Credit Suisse Group initiated coverage on FMC in a research note on Monday, November 5th. They set an outperform rating and a $103.00 price target on the stock. Citigroup initiated coverage on FMC in a research note on Monday, November 5th. They set a buy rating and a $92.00 price target on the stock. Finally, Zacks Investment Research lowered FMC from a buy rating to a hold rating in a research note on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. FMC has an average rating of Buy and a consensus target price of $101.42.

Shares of FMC stock traded down $0.10 during trading hours on Friday, reaching $83.57. 1,241,731 shares of the company’s stock were exchanged, compared to its average volume of 1,377,359. FMC has a 52-week low of $72.73 and a 52-week high of $98.70. The firm has a market cap of $11.30 billion, a PE ratio of 30.84, a P/E/G ratio of 0.75 and a beta of 1.60. The company has a quick ratio of 1.24, a current ratio of 1.54 and a debt-to-equity ratio of 0.84.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. FMC had a return on equity of 26.26% and a net margin of 22.28%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 60.4% compared to the same quarter last year. Equities research analysts anticipate that FMC will post 6.03 EPS for the current year.

In other news, COO Mark Douglas bought 4,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average cost of $86.13 per share, with a total value of $366,052.50. Following the transaction, the chief operating officer now owns 59,943 shares of the company’s stock, valued at approximately $5,162,890.59. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dirk A. Kempthorne bought 1,173 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average cost of $86.12 per share, for a total transaction of $101,018.76. Following the completion of the transaction, the director now directly owns 35,783 shares in the company, valued at approximately $3,081,631.96. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc increased its holdings in FMC by 4.7% in the 2nd quarter. CIBC Asset Management Inc now owns 12,777 shares of the basic materials company’s stock valued at $1,140,000 after purchasing an additional 571 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in FMC by 9.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,054 shares of the basic materials company’s stock valued at $658,000 after purchasing an additional 617 shares in the last quarter. Manning & Napier Group LLC increased its holdings in FMC by 2.6% in the 2nd quarter. Manning & Napier Group LLC now owns 25,290 shares of the basic materials company’s stock valued at $2,255,000 after purchasing an additional 645 shares in the last quarter. Twin Capital Management Inc. increased its holdings in FMC by 0.7% in the 2nd quarter. Twin Capital Management Inc. now owns 89,220 shares of the basic materials company’s stock valued at $7,959,000 after purchasing an additional 660 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in FMC by 3.1% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 23,637 shares of the basic materials company’s stock valued at $2,061,000 after purchasing an additional 700 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.

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Analyst Recommendations for FMC (NYSE:FMC)

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