StockNews.com made history by becoming the first news organization to cover FMC shares in a research report published on Thursday (NYSE: FMC).
The company’s stock that supplies basic materials has been recommended for “buy” by the company.
The most recent quarterly results report for FMC (NYSE: FMC) was published on February 8, after the market had closed for the day.
The company that operates in the basic materials sector reported quarterly earnings of $2.37 per share, which was $0.05 higher than the estimate reached by most market analysts. However, the revenue the company brought in for the quarter was $1.62 billion, significantly higher than the $1.53 billion analysts predicted it would bring in for the period.
The return on equity for FMC was calculated to be 29.29%, and the net margin for the company came in at 12.69%.
The company’s revenue for the period in question rose by 14.7% when measured against the same period in the prior year.
The company’s earnings per share for the quarter were $2.16, which was $2.16 higher than the previous year’s results for the same quarter.
According to the forecasts of equity research professionals, FMC is expected to generate a profit of 7.92 cents per share for the current fiscal year.
The NYSE FMC opened for trading on Thursday with a share price of $116.05 at the opening bell.
It is considered in excellent financial shape when the quick ratio is 1.00, the current ratio is 1.43, and the debt-to-equity ratio is 0.80.
The company’s current market value is $14.52 billion, the P/E/G ratio of the company is 1.52, and the company’s beta value is 0.84.
The company’s simple moving average over the past 50 days comes in at $127.84, and the simple moving average over the past 200 days comes in at $121.95.
The price of FMC has ranged between $98.14 and $140.98 over the previous 52 weeks, with a low of $98.14 and a high of $140.98.
Several additional research studies have been conducted, and one of their topics of interest is FMC. Wells Fargo & Company raised their target price on FMC shares from $141.50 to $148.00 and upgraded the stock from an “underweight” rating to an “equal weight” rating in a report released on January 9.
Mizuho reaffirmed their “buy” rating on FMC shares in a report published on Wednesday, February 8, and set their target price for the company’s stock at USD 140.00.
The research note that Morgan Stanley published on FMC on January 10 included an upgrade of the company from “equal weight” to “overweight,” as well as an increase in their price objective for the stock from $125.00 to $145.00.
In a research note published on February 14, Goldman Sachs Group raised their “buy” rating for FMC and raised their price objective on the stock from $155.00 to $159.00.
They also raised their price target on the stock from $155.00 to $159.00. UBS Group recommended “buy” for FMC in a research note released on Wednesday, January 11, and increased their price objective for the stock from $142.00 to $147.00.00.
This was done in a research note that UBS Group published. One of the analysts who follow the company has suggested selling the stock, while two others have given it a rating of “hold,” and twelve others have given it a rating of “buy.” According to Bloomberg, the current average recommendation for FMC is a “Moderate Buy,” and the current average price objective for the company is reported to be $143.17.
In other news about this topic, on March 2, the company’s Chief Financial Officer, Andrew D. Sandifer, sold 5,000 shares of the company’s stock.
A total of $638,850.00 was made from the sale of the shares, which works out to a price of $127.77 per share when divided into the total amount.
Because of the sale, the chief financial officer now owns 39,061 shares.
Based on the current market price, these shares are worth $4,990,823.97. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction. Nicholas Pfeiffer, an employee of the company who is granted privileges to engage in insider trading, sold 4,421 shares of the company’s stock on February 27.
The price of each share was calculated to an average of $129.70, resulting in the sale of the stock for a total of $573,403,70.
After the completion of the transaction, the company insider now directly owns 12,064 shares of the company’s stock, which are worth a total of $1,564,700.80. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website.
Additionally, on March 2, the company’s Chief Financial Officer, Andrew D. Sandifer, sold 5,000 shares of company stock.
A total of $638,850.00 was made from the sale of the shares, which works out to a price of $127.77 per share when divided into the total amount. Following the completion of the transaction, the chief financial officer will have 39,061 shares in the company.
The total value of these shares is approximately $4,990,823.97 at present.
Disclosures related to the sale might be found in this website section.
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