The stock of FMC Corp (NYSE:FMC) hit a new 52-week high and has $84.40 target or 65.00% above today’s $51.15 share price. The 9 months bullish chart indicates low risk for the $6.89 billion company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $84.40 price target is reached, the company will be worth $4.48 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 994,401 shares traded hands or 38.78% up from the average. FMC Corp (NYSE:FMC) has risen 14.40% since April 1, 2016 and is uptrending. It has outperformed by 13.18% the S&P500.
FMC Corp (NYSE:FMC) Ratings Coverage
Out of 19 analysts covering FMC Tech (NYSE:FMC), 8 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 42% are positive. $54 is the highest target while $31 is the lowest. The $44.47 average target is -13.06% below today’s ($51.15) stock price. FMC Tech has been the topic of 29 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Credit Suisse initiated the shares of FMC in a report on Friday, January 22 with “Outperform” rating. The firm has “Buy” rating by Jefferies given on Wednesday, September 23. The stock of FMC Corp (NYSE:FMC) has “Neutral” rating given on Wednesday, August 12 by SunTrust. The firm has “Neutral” rating given on Friday, November 20 by Citigroup. On Friday, August 28 the stock rating was downgraded by Longbow to “Neutral”. Citigroup maintained the shares of FMC in a report on Friday, July 15 with “Neutral” rating. The rating was upgraded by Societe Generale on Friday, January 8 to “Buy”. FBR Capital upgraded the stock to “Underperform” rating in Thursday, July 23 report. BMO Capital Markets initiated it with “Market Perform” rating and $40 target price in Friday, March 18 report. Oppenheimer initiated the shares of FMC in a report on Tuesday, January 12 with “Perform” rating.
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.”
Insitutional Activity: The institutional sentiment increased to 1.44 in Q2 2016. Its up 0.52, from 0.92 in 2016Q1. The ratio is positive, 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.
Cubist Systematic Strategies Ltd has 0.03% invested in the company for 12,609 shares. Canada Pension Plan Board has 0.01% invested in the company for 45,994 shares. The Oregon-based Ferguson Wellman Capital Mngmt has invested 0.02% in FMC Corp (NYSE:FMC). Veritable L P accumulated 0.01% or 4,897 shares. Washington Cap Mgmt has 2.37% invested in the company for 35,950 shares. Moreover, Deutsche Retail Bank Ag has 0.02% invested in FMC Corp (NYSE:FMC) for 583,269 shares. Ftb Advsr, a Tennessee-based fund reported 830 shares. Moreover, Profund Advisors Limited Liability Com has 0.03% invested in FMC Corp (NYSE:FMC) for 15,312 shares. Cadence Capital Management Ltd Limited Liability Company last reported 28,750 shares in the company. Pitcairn Company owns 4,630 shares or 0.03% of their US portfolio. Lapides Asset Management Ltd Liability Company accumulated 293,900 shares or 2.52% of the stock. Alliancebernstein Lp holds 240,967 shares or 0.01% of its portfolio. Commerzbank Aktiengesellschaft Fi owns 10,282 shares or 0% of their US portfolio. Goldman Sachs accumulated 0.02% or 1.03M shares. Frontier Capital Ltd Com reported 742,611 shares or 0.28% of all its holdings.
Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 1 sale for $700,911 net activity. UTECHT ANDREA E sold 14,388 shares worth $700,911.
More notable recent FMC Corp (NYSE:FMC) news were published by: Prnewswire.com which released: “FMC Corporation Signs Long-term Lithium Carbonate Supply Agreement with …” on October 31, 2016, also Streetinsider.com with their article: “FMC Corp. (FMC) Tops Q3 EPS by 8c, FY EPS Guidance Beats Consensus” published on November 02, 2016, Reuters.com published: “BRIEF-FMC Corp, Nemaska Lithium sign long-term lithium carbonate supply ag…” on October 31, 2016. More interesting news about FMC Corp (NYSE:FMC) were released by: Nasdaq.com and their article: “FMC Corp. Bottom Line Rises 59% In Q3” published on November 02, 2016 as well as Philly.com‘s news article titled: “FMC Corp. moves into University City tower” with publication date: May 12, 2016.
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.
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