Rating Flow: Is FMC Corp (FMC) a Buy? Piper Jaffray Upgrades It

November 28, 2016 - By Richard Conner

Rating Flow:  Is FMC Corp (FMC) a Buy? Piper Jaffray Upgrades It

FMC Corp (FMC) Upgrade

In a an analyst note released on Monday, 28 November, Piper Jaffray boosted shares of FMC Corp (FMC) to a Neutral rating from Underweight rating.

About 172,776 shares traded hands. FMC Corp (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 $117.37M for 15.70 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 Q2 2016. Its down 0.33, from 1.44 in 2016Q1. The ratio worsened, 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.

Castleark Mngmt Ltd Liability accumulated 61,995 shares or 0.09% of the stock. Euclid Advsrs Limited Liability Corporation has 5,710 shares for 0.01% of their US portfolio. The New Jersey-based Lord Abbett & Communication Ltd Liability Co has invested 0.05% in FMC Corp (NYSE:FMC). Amica Retiree has 0.03% invested in the company for 804 shares. Moreover, Grt Capital Prtnrs Llc has 0.1% invested in FMC Corp (NYSE:FMC) for 8,519 shares. Moreover, Parametric Portfolio Assocs Llc has 0.02% invested in FMC Corp (NYSE:FMC) for 280,135 shares. Sg Americas Securities Limited Co reported 16,128 shares or 0.01% of all its holdings. Finance Architects holds 0.01% or 1,105 shares in its portfolio. Hartford Inv Mngmt Com has 0.03% invested in the company for 31,855 shares. Alyeska Investment Group Inc L P reported 250,357 shares or 0.12% of all its holdings. Edge Asset Mngmt Incorporated has 0.09% invested in the company for 225,992 shares. Sumitomo Mitsui Asset accumulated 0.01% or 10,161 shares. Stevens Mngmt L P accumulated 0.01% or 7,898 shares. Fmr Lc accumulated 0.03% or 5.26 million shares. Da Davidson & has 0.03% invested in the company for 22,847 shares.

Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 1 sale for $700,911 net activity. Another trade for 14,388 shares valued at $700,911 was sold by UTECHT ANDREA E.

FMC Corporation is a diversified chemical firm serving agricultural, consumer and industrial markets. The company has a market cap of $7.37 billion. The Firm operates through three business divisions: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. It has a 303.39 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 Company Profile

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: Prnewswire.com and their article: “FMC Corporation Signs Long-term Lithium Carbonate Supply Agreement with …” published on October 31, 2016 as well as Pionline.com‘s news article titled: “FMC Corp. sued over DC plan investment in Sequoia Fund” with publication date: November 23, 2016.

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