November 28, 2016 - By Darrin Black
FMC Corporation (NYSE:FMC) was raised by Piper Jaffray from a Underweight rating to a Neutral rating in a analysts report issued to investors and clients on Monday morning.
Out of 19 analysts covering FMC Tech (NYSE:FMC), 9 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 47% are positive. $54 is the highest target while $31 is the lowest. The $44.47 average target is -19.73% below today’s ($55.4) stock price. FMC Tech has been the topic of 30 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock with “Outperform” rating in Thursday, July 23 report. The firm earned “Underperform” rating on Thursday, July 23 by FBR Capital. The stock of FMC Corp (NYSE:FMC) earned “Neutral” rating by SunTrust on Wednesday, August 12. The stock of FMC Corp (NYSE:FMC) earned “Outperform” rating by CLSA on Friday, April 15. As per Friday, January 8, the company rating was upgraded by Societe Generale. The rating was initiated by Oppenheimer on Tuesday, January 12 with “Perform”. Piper Jaffray downgraded the stock to “Underweight” rating in Monday, January 4 report. As per Friday, August 28, the company rating was downgraded by Longbow. The stock of FMC Corp (NYSE:FMC) earned “Neutral” rating by Credit Suisse on Friday, September 4. The stock of FMC Corp (NYSE:FMC) has “Buy” rating given on Monday, November 30 by Guggenheim.
About 410,744 shares traded hands. FMC Corp (NYSE:FMC) has risen 29.15% since April 25, 2016 and is uptrending. It has outperformed by 23.14% the S&P500.
Analysts await FMC Corp (NYSE:FMC) to report earnings on February, 8. They expect $0.88 earnings per share, up 14.29% or $0.11 from last year’s $0.77 per share. FMC’s profit will be $117.39 million for 15.74 P/E if the $0.88 EPS becomes a reality. After $0.67 actual earnings per share reported by FMC Corp for the previous quarter, Wall Street now forecasts 31.34% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.33, from 1.44 in 2016Q1. The ratio fall, as 22 funds sold all FMC Corp shares owned while 111 reduced positions. 66 funds bought stakes while 125 increased positions. They now own 119.58 million shares or 2.17% less from 122.23 million shares in 2016Q1.
Moreover, Ivory Invest Limited Liability has 0.87% invested in FMC Corp (NYSE:FMC) for 676,226 shares. King Luther, a Texas-based fund reported 2.25M shares. The Kansas-based Creative Planning has invested 0% in FMC Corp (NYSE:FMC). Van Eck Associates Corporation has 0.07% invested in the company for 278,756 shares. Da Davidson has invested 0.03% of its portfolio in FMC Corp (NYSE:FMC). Inv Counselors Of Maryland Limited has invested 0.01% of its portfolio in FMC Corp (NYSE:FMC). Victory Mngmt holds 1,707 shares or 0% of its portfolio. Parkside Bancorporation has invested 0% of its portfolio in FMC Corp (NYSE:FMC). Commercial Bank Of Ny Mellon owns 1.49 million shares or 0.02% of their US portfolio. Royal National Bank & Trust Of Canada holds 0.01% or 224,558 shares in its portfolio. Gam Holding Ag has 0.02% invested in the company for 21,373 shares. Kennedy Cap Mngmt Incorporated owns 78,815 shares or 0.07% of their US portfolio. Brookfield Asset Mngmt Incorporated last reported 0% of its portfolio in the stock. Bartlett & Limited accumulated 0.02% or 9,150 shares. Deere Company owns 6,201 shares or 0.02% of their US portfolio.
Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 1 insider sale for $700,911 net activity. UTECHT ANDREA E sold $700,911 worth of stock.
FMC Corporation is a diversified chemical firm serving agricultural, consumer and industrial markets. The company has a market cap of $7.39 billion. The Firm operates through three business divisions: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. It has a 304.21 P/E ratio. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
According to Zacks Investment Research, “FMC Corporation is one of the world’s leading producers of machinery and chemicals for industry and agriculture. The Company operates in three distinct business segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. Agricultural Products provides crop protection and pest control products. Specialty Chemicals includes food ingredients that are used to enhance structure, texture and taste. Industrial Chemicals encompasses a wide range of inorganic materials.”
FMC Corporation, incorporated on August 10, 1928, is a diversified chemical firm serving agricultural, consumer and industrial markets. The Firm operates in three business divisions: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals. The FMC Health and Nutrition segment focuses on nutritional ingredients, health excipients and functional health ingredients. The Company’s FMC Lithium segment makes lithium for use in a range of lithium products.
More notable recent FMC Corp (NYSE:FMC) news were published by: Fool.com which released: “Lithium Stock Investors: FMC Corp. Kicked Off the Industry’s Q3 Earnings …” on November 10, 2016, also Prnewswire.com with their article: “FMC Corporation and BASF Announce Agreement to Bring Next Generation of Crop …” published on November 07, 2016, Bna.com published: “FMC Corp. Sued Over 401(k) Stake in Sequoia Fund, Valeant” on November 22, 2016. More interesting news about FMC Corp (NYSE:FMC) were released by: Pionline.com and their article: “FMC Corp. sued over DC plan investment in Sequoia Fund” published on November 23, 2016 as well as Prnewswire.com‘s news article titled: “FMC Corporation Signs Long-term Lithium Carbonate Supply Agreement with …” with publication date: October 31, 2016.
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By Darrin Black