Research analysts at Citigroup assumed coverage on shares of FMC (NYSE:FMC) in a research note issued to investors on Monday, November 5th, Marketbeat reports. The firm set a “buy” rating and a $92.00 price target on the basic materials company’s stock. Citigroup’s target price indicates a potential upside of 17.05% from the stock’s previous close.
A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of FMC from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Zacks Investment Research downgraded shares of FMC from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Finally, Nomura raised their target price on shares of FMC from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. FMC presently has an average rating of “Buy” and a consensus target price of $102.08.
Shares of FMC stock opened at $78.60 on Monday. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 0.87 and a beta of 1.60. FMC has a 12-month low of $72.73 and a 12-month high of $98.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.10.
FMC (NYSE:FMC) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. FMC had a net margin of 22.28% and a return on equity of 26.26%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business earned $0.70 earnings per share. The company’s quarterly revenue was up 60.4% on a year-over-year basis. As a group, sell-side analysts predict that FMC will post 6 earnings per share for the current year.
In other FMC news, Director Dirk A. Kempthorne purchased 1,173 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was acquired at an average cost of $86.12 per share, with a total value of $101,018.76. Following the acquisition, the director now owns 35,783 shares of the company’s stock, valued at approximately $3,081,631.96. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FMC. Principal Financial Group Inc. boosted its stake in FMC by 33.0% during the 1st quarter. Principal Financial Group Inc. now owns 570,384 shares of the basic materials company’s stock valued at $43,675,000 after purchasing an additional 141,393 shares during the period. Suntrust Banks Inc. raised its position in shares of FMC by 14.7% during the 1st quarter. Suntrust Banks Inc. now owns 5,162 shares of the basic materials company’s stock worth $394,000 after buying an additional 660 shares in the last quarter. DnB Asset Management AS bought a new stake in shares of FMC during the 2nd quarter worth about $1,407,000. IFM Investors Pty Ltd raised its position in shares of FMC by 37.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 6,842 shares of the basic materials company’s stock worth $610,000 after buying an additional 1,870 shares in the last quarter. Finally, Addison Capital Co bought a new stake in shares of FMC during the 2nd quarter worth about $2,238,000. 90.08% of the stock is owned by hedge funds and other institutional investors.
