The stock of FMC Corp (NYSE:FMC) hit a new 52-week high and has $80.29 target or 48.00% above today’s $54.25 share price. The 6 months bullish chart indicates low risk for the $7.23B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $80.29 price target is reached, the company will be worth $3.47 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. The stock increased 1.71% or $0.91 during the last trading session, hitting $54.25. About 2.20M shares traded hands or 132.24% up from the average. FMC Corp (NYSE:FMC) has risen 44.61% since April 7, 2016 and is uptrending. It has outperformed by 39.82% the S&P500.
FMC Corp (NYSE:FMC) Ratings Coverage
Out of 19 analysts covering FMC Tech (NYSE:FMC), 9 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 47% are positive. FMC Tech has been the topic of 30 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was initiated by Credit Suisse with “Outperform” on Friday, January 22. The rating was initiated by CLSA with “Outperform” on Friday, April 15. The rating was maintained by Citigroup with “Neutral” on Friday, July 15. On Monday, January 4 the stock rating was downgraded by Piper Jaffray to “Underweight”. The stock of FMC Corp (NYSE:FMC) earned “Perform” rating by Oppenheimer on Tuesday, January 12. The stock of FMC Corp (NYSE:FMC) earned “Outperform” rating by Credit Suisse on Friday, November 4. The firm has “Neutral” rating given on Friday, September 4 by Credit Suisse. BMO Capital Markets initiated it with “Market Perform” rating and $40 target price in Friday, March 18 report. The firm has “Neutral” rating given on Wednesday, August 12 by SunTrust. Guggenheim upgraded the shares of FMC in a report on Monday, November 30 to “Buy” 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 increased, 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.
Pictet Asset Mngmt accumulated 0.01% or 74,934 shares. Thrivent Financial For Lutherans, a Minnesota-based fund reported 453,623 shares. Castleark Mngmt Limited Liability holds 0.09% of its portfolio in FMC Corp (NYSE:FMC) for 61,995 shares. Utah Retirement owns 24,342 shares or 0.03% of their US portfolio. Great Lakes Advsr Limited last reported 40,875 shares in the company. Addison has 31,838 shares for 1.33% of their US portfolio. Stephens Ar holds 0.05% or 26,002 shares in its portfolio. Blackrock reported 523,376 shares or 0.04% of all its holdings. The Florida-based Ladenburg Thalmann Fincl Svcs Incorporated has invested 0% in FMC Corp (NYSE:FMC). Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 9,547 shares. Chevy Chase Trust Hldgs Incorporated has 0.03% invested in the company for 123,862 shares. Highbridge Capital Ltd Liability Corp accumulated 5,313 shares or 0% of the stock. Hanseatic Mngmt Serv accumulated 0.3% or 17,290 shares. Signaturefd Ltd Liability Com accumulated 33 shares or 0% of the stock. Piedmont Advsr Limited Com holds 3 shares or 0% of its portfolio.
Insider Transactions: Since June 13, 2016, the stock had 0 insider buys, and 1 sale for $700,911 net activity. $700,911 worth of shares were sold by UTECHT ANDREA E on Monday, June 13.
More notable recent FMC Corp (NYSE:FMC) news were published by: Prnewswire.com which released: “FMC Corporation and BASF Announce Agreement to Bring Next Generation of Crop …” on November 07, 2016, also Prnewswire.com with their article: “FMC Corporation Announces Third Quarter 2016 Results” published on November 02, 2016, Prnewswire.com published: “FMC Corporation Signs Long-term Lithium Carbonate Supply Agreement with …” on October 31, 2016. More interesting news about FMC Corp (NYSE:FMC) were released by: Prnewswire.com and their article: “FMC Corporation Expands Parental and Dependent Care Benefits to Help Employees …” published on October 12, 2016 as well as Zacks.com‘s news article titled: “FMC, BASF Ink Pact to Bring Corn Crop Protection Products” with publication date: November 09, 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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