Today’s Rating Change: Is FMC (NYSE:FMC) a Buy? PiperJaffray Upgrades It

November 28, 2016 - By Vivian Park

Today's Rating Change:  Is FMC (NYSE:FMC) a Buy? PiperJaffray Upgrades It

FMC (NYSE:FMC) Upgrade

PiperJaffray raised FMC (NYSE:FMC)‘s stock to a Neutral rating from Underweight. The rating change was published in a a report today.

FMC Corp (NYSE:FMC) Ratings Coverage

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 -19.64% below today’s ($55.34) stock price. FMC Tech has been the topic of 30 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Cowen & Co given on Thursday, July 23. The company was initiated on Friday, March 18 by BMO Capital Markets. The firm has “Outperform” rating given on Friday, January 22 by Credit Suisse. Macquarie Research maintained FMC Corp (NYSE:FMC) on Wednesday, October 14 with “Neutral” rating. The firm has “Underperform” rating given on Thursday, July 23 by FBR Capital. The firm has “Neutral” rating by SunTrust given on Wednesday, August 12. The rating was maintained by Susquehanna on Friday, August 26 with “Neutral”. Barclays Capital maintained FMC Corp (NYSE:FMC) rating on Thursday, July 23. Barclays Capital has “Overweight” rating and $40 price target. As per Thursday, July 23, the company rating was upgraded by Jefferies. Piper Jaffray downgraded the stock to “Underweight” rating in Monday, January 4 report.

About 292,936 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 EPS, up 14.29% or $0.11 from last year’s $0.77 per share. FMC’s profit will be $117.35 million for 15.72 P/E if the $0.88 EPS becomes a reality. After $0.67 actual EPS 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 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.

State Teachers Retirement holds 229,827 shares or 0.03% of its portfolio. Td Asset Management has 0% invested in the company for 58,124 shares. Redwood Investments Lc last reported 0% of its portfolio in the stock. Advantus Mngmt has 0.02% invested in the company for 12,918 shares. Vollero Beach Cap Prtn Limited Liability holds 0.58% of its portfolio in FMC Corp (NYSE:FMC) for 55,180 shares. Voya Inv Mgmt Ltd Co has 0.01% invested in the company for 89,079 shares. King Luther Cap Mngmt last reported 2.25 million shares in the company. Blackrock Group Limited last reported 0.03% of its portfolio in the stock. Glenmede Tru Na accumulated 2,632 shares or 0% of the stock. Citadel Lc reported 228,391 shares or 0.01% of all its holdings. Mycio Wealth Ptnrs Limited Liability Com has 0.04% invested in the company for 5,280 shares. Euclid Advisors Ltd Liability Corporation accumulated 0.01% or 5,710 shares. Jpmorgan Chase And holds 0% or 152,234 shares in its portfolio. Everpoint Asset Management Limited Liability last reported 0.07% of its portfolio in the stock. Lord Abbett And Ltd Liability has 0.05% invested in the company for 329,924 shares.

Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 1 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 $7.38 billion. The Firm operates through three business divisions: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. It has a 303.88 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 Prnewswire.com‘s news article titled: “FMC Corporation Announces Third Quarter 2016 Results” with publication date: November 02, 2016.

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