The stock of FMC Corp (NYSE:FMC) is a huge mover today! About 2.50 million shares traded hands or 248.91% 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.
The move comes after 6 months positive chart setup for the $6.86B company. It was reported on Nov, 3 by Barchart.com. We have $67.09 PT which if reached, will make NYSE:FMC worth $2.13 billion more.
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. FMC Tech has been the topic of 29 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was upgraded by Seaport Global Securities to “Buy” on Monday, October 5. Citigroup maintained FMC Corp (NYSE:FMC) rating on Friday, July 15. Citigroup has “Neutral” rating and $51 price target. The stock has “Outperform” rating given by Credit Suisse on Friday, January 22. The stock of FMC Corp (NYSE:FMC) earned “Outperform” rating by Cowen & Co on Friday, September 18. The stock of FMC Corp (NYSE:FMC) earned “Outperform” rating by CLSA on Friday, April 15. Susquehanna maintained the stock with “Neutral” rating in Friday, August 26 report. The company was maintained on Thursday, July 23 by Cowen & Co. As per Friday, November 20, the company rating was initiated by Citigroup. The rating was upgraded by Jefferies to “Buy” on Wednesday, September 23. As per Tuesday, January 12, the company rating was initiated by Oppenheimer.
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 improved, 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.
Commerzbank Aktiengesellschaft Fi holds 0% or 10,282 shares in its portfolio. Deutsche State Bank Ag accumulated 0.02% or 583,269 shares. Swiss Retail Bank, a Switzerland-based fund reported 374,636 shares. Bb&T Secs Ltd Liability accumulated 0.01% or 9,824 shares. Sheffield Asset Management Limited Company holds 10.55% of its portfolio in FMC Corp (NYSE:FMC) for 765,826 shares. The Germany-based Dekabank Deutsche Girozentrale has invested 0% in FMC Corp (NYSE:FMC). Mackenzie Finance Corp accumulated 7,000 shares or 0% of the stock. Los Angeles Mgmt Equity Research last reported 0.07% of its portfolio in the stock. Duncker Streett last reported 0.01% of its portfolio in the stock. Sasco Ct holds 2.47 million shares or 2.85% of its portfolio. Moreover, Goldman Sachs Gru has 0.02% invested in FMC Corp (NYSE:FMC) for 1.03 million shares. Kennedy Capital Management reported 78,815 shares or 0.07% of all its holdings. The California-based Gemmer Asset Ltd Com has invested 0.01% in FMC Corp (NYSE:FMC). Assetmark holds 0% or 296 shares in its portfolio. Moreover, Snyder Capital Mgmt Ltd Partnership has 0.24% invested in FMC Corp (NYSE:FMC) for 78,878 shares.
Insider Transactions: Since June 13, 2016, the stock had 0 insider buys, and 1 insider sale for $700,911 net activity. $700,911 worth of FMC Corp (NYSE:FMC) was sold by UTECHT ANDREA E.
More notable recent FMC Corp (NYSE:FMC) news were published by: Nasdaq.com which released: “FMC Corp (FMC) Q3 Earnings Top Estimates, Revenues In Line” on November 03, 2016, also Prnewswire.com with their article: “FMC Corporation Signs Long-term Lithium Carbonate Supply Agreement with …” published on October 31, 2016, Streetinsider.com published: “FMC Corp. (FMC) Tops Q3 EPS by 8c, FY EPS Guidance Beats Consensus” on November 02, 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 Reuters.com‘s news article titled: “BRIEF-FMC Corp, Nemaska Lithium sign long-term lithium carbonate supply ag…” with publication date: October 31, 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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