The stock analysts at Bloomberg shifted their recommendation for FMC (NYSE: FMC) from “buy” to “hold” in a research note that was published on Saturday. That indicates that they do not recommend investing in the company’s shares. Another significant number of reports have focused their attention on the FMC as a topic of discussion. In 2021, three large-cap growth stocks were anticipated to perform exceptionally well. Redburn Partners changed their previous recommendation of “buy” for FMC shares to a rating of “neutral” after conducting research that was made public on Monday, June 13.
Credit Suisse Group lowered its “underperform” rating and target price on FMC shares from $109.00 to $105.00 in a research report published on August 3. The report was issued. Wells Fargo & Company indicated on May 4, in a research report that was issued on May 4, that they would be dropping their target price for FMC shares from $150.00 to $144.000. Mizuho assigned a “buy” rating to the company in research that was released on Thursday, August 4. At the same time, the firm lowered its target price on FMC shares, which had previously been $149.00, to $140.00. The report’s subject matter was the corporation.
In a research note published on July 13, UBS Group lowered their price objective on shares of FMC from $149.00 to $140.00 while maintaining a “buy” rating on the company’s stock. This was the last and most important item of business. There have been eight analysts who have pushed for purchasing the company; there have been five analysts who have recommended keeping it on the shelf, and there has been one analyst who has argued for selling it. The data from Bloomberg indicates that the stock has an average current rating of “Moderate Buy” and that the consensus price objective for the stock is $132.64. On Friday, the price of a share of FMC stock was $113.92 when trading got underway.
The simple moving average of the company’s stock price over the past 50 days is $107.82, and the simple moving average over the last 200 days is $118.42. All of the liquidity ratios, including the current ratio, the quick ratio, and the debt-to-equity ratio, are all equal to 0.99. Both the current and quick ratios are at 1.38, with the quick ratio sitting at 0.99. The ratio of the company’s price to its profits is 1.54, its price-to-earnings-growth ratio is 1.49, and its beta value is 0.84. The total value of the corporation, as measured by its market capitalization, is $14.35 billion. The current price of FMC is $140.99, which is the company’s all-time high, while the current price of $87.32 represents the company’s all-time low.
FMC (NYSE: FMC) made the most recent quarterly results accessible to the general public on Tuesday, August 2, and at that time, they released the information to the public. Earnings per share (EPS) for the quarter that Basic Materials published came in at $1.93, which was $0.04 more than the consensus expectation of $1.89. The return on equity for FMC was 30.64%, and the net margin for the company was 12.80%. The company recorded a profit of $1.81 per share during the same period in the previous year. Stock market experts think FMC will earn 7.45 cents per share during the current fiscal year. Other FMC news: According to more FMC news, on Tuesday, June 7, an insider at FMC named Nicholas Pfeiffer transacted the sale of one thousand of the company’s shares of stock.
As a result of the successful transaction, the company insider now owns 11,722 company shares, the total value of which is $1,404,061.16. The corporate transaction was made known to the general public using a formal document delivered to the SEC and is currently searchable online. The company’s insiders own 0.57% of the total number of shares that are currently outstanding. During the past several months, various institutional investors, including hedge funds, have rebalanced the percentage of the company’s stock they own in their portfolios.
The total value of Avantax Advisory Services Inc.’s holdings in FMC climbed by 13.9% during the first three months of 2018. Avantax Advisory Services Inc. now directly owns 3,015 shares of the company’s stock, which have a combined value of $399,000 after purchasing an additional 368 shares of the basic materials company’s stock during the most recent fiscal quarter. This brings the total value of Avantax Advisory Services Inc.’s stock holdings to $399,000. Over the first three months of this year, Profund Advisors LLC was able to acquire 4.8% more shares of FMC, bringing the total number of shares it owned to a new high. In the past quarter, Profund Advisors LLC increased its ownership stake in the basic materials firm by purchasing an additional 193 shares, bringing the total number of shares it holds in the company to 4,235.
In the first three months of 2018, Commonwealth Equity Services LLC added 19.5% more FMC stock to its holdings, which brought the total proportion of FMC stock it owned to 100%. Following the acquisition of a further 2,265 shares during the period under review, Commonwealth Equity Services LLC now holds a total of 13,852 shares of the common stock of the basic materials firm. The stock currently trades at a value of $1,822,000 on the market. A 12.6% increase in the proportion of FMC shares that Abrdn plc owned as of the end of the first quarter was recorded. Following the acquisition of a further 27,669 shares during the period covered by the report under consideration, ABRDN plc currently possesses a total of 246,412 shares of stock in the basic materials industry.
These shares are currently worth a total of $32,803,000 as of right now. Not to be outdone, Westpac Banking Corporation boosted the percentage of FMC shares it owned during the first quarter by 37.1%, bringing the total to 100%. After making further purchases amounting to 39,567 shares during the most recent reporting period, Westpac Banking Corp is currently the owner of 146,190 shares of the basic materials company. There is a value of $19,234,000 associated with these shares. In all, 88.44% of the company’s stock is held within institutions’ portfolios. FMC Corporation is a company that focuses on agricultural sciences and offers solutions for crop protection, plant health, and professional pest and turf management. The company offers these services.
In addition to the more common chemical approaches to crop protection, such as insecticides, herbicides, and fungicides, the company conducts research, develops, distributes, and sells crop nutrition, seed treatment, and biological products. These areas include crop nutrition. In agriculture, these items are utilized to increase agricultural production and quality by managing various crop pests, including insects, weeds, and diseases. This helps to improve crop output and quality. Pest control services aren’t just used in agriculture but in places that don’t farm.