FMC Corp (FMC) was Downgraded by Credit Suisse to ” Neutral” while Lowering the Price Target of the company shares to $ 43 from a previous price target of $45 . Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on FMC Corp. FMC Corp was Initiated by Credit Agricole to “Outperform” on Apr 15, 2016.
On the company’s financial health, FMC Corp reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.63. The company had revenue of $899.30 million for the quarter, compared to analysts expectations of $951.38 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.
FMC Corp opened for trading at $39.85 and hit $40.25 on the upside on Monday, eventually ending the session at $40.13, with a gain of 0.58% or 0.23 points. The heightened volatility saw the trading volume jump to 13,33,497 shares. Company has a market cap of $5,364 M.
In a different news, on Mar 4, 2016, Mark Douglas (Pres. Agricultural Solutions) sold 10,480 shares at $38.22 per share price. According to the SEC, on Sep 3, 2015, Paul W Graves (CFO) purchased 3,342 shares at $40.84 per share price. On Sep 3, 2015, Vincent R Jr Volpe (director) purchased 12,200 shares at $40.94 per share price, according to the Form-4 filing with the securities and exchange commission.
FMC Corporation is a diversified chemical company. The Company serves agricultural consumer and industrial markets with solutions applications and products around the world. The Company operates in three business segments: FMC Agricultural Solutions FMC Health and Nutrition and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops markets and sells three classes of crop protection chemicals which include insecticides herbicides and fungicides. The FMC Health and Nutrition segment focuses on food pharmaceutical ingredients nutraceuticals personal care and similar markets. The pharmaceutical additives are used for binding encapsulation and disintegrant applications. The Company’s FMC Lithium segment manufactures lithium products.