The stock of FMC Corp (NYSE:FMC) hit a new 52-week high and has $73.59 target or 35.00% above today’s $54.51 share price. The 9 months bullish chart indicates low risk for the $7.33 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $73.59 price target is reached, the company will be worth $2.57 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 99,032 shares traded hands. FMC Corp (NYSE:FMC) has risen 29.20% since April 19, 2016 and is uptrending. It has outperformed by 25.34% 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 stock of FMC Corp (NYSE:FMC) earned “Neutral” rating by Citigroup on Friday, July 15. The rating was downgraded by Longbow on Friday, August 28 to “Neutral”. Cowen & Co upgraded it to “Outperform” rating and $51 target price in Friday, September 18 report. The firm has “Buy” rating by Jefferies given on Wednesday, September 23. As per Monday, October 5, the company rating was upgraded by Seaport Global Securities. On Thursday, April 21 the stock rating was downgraded by Credit Suisse to “Neutral”. The company was maintained on Wednesday, October 14 by Macquarie Research. Cowen & Co maintained it with “Outperform” rating and $42 target price in Thursday, July 23 report. The company was initiated on Friday, January 22 by Credit Suisse. The firm earned “Market Perform” rating on Friday, March 18 by BMO Capital Markets.
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 decreased to 1.11 in 2016 Q2. Its down 0.33, from 1.44 in 2016Q1. The ratio worsened, 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.
Peak6 Invs Limited Partnership accumulated 0.01% or 19,637 shares. The Ohio-based Huntington Savings Bank has invested 0% in FMC Corp (NYSE:FMC). Blackrock Invest Mgmt Limited Liability holds 0.02% of its portfolio in FMC Corp (NYSE:FMC) for 320,043 shares. Moreover, Middleton & Ma has 0.27% invested in FMC Corp (NYSE:FMC) for 25,663 shares. Ww Asset Mgmt Inc owns 13,460 shares or 0.02% of their US portfolio. Loomis Sayles And Company Limited Partnership holds 0% of its portfolio in FMC Corp (NYSE:FMC) for 1,364 shares. Dai Ichi Life Insurance Limited accumulated 47,335 shares or 0.07% of the stock. New South Management Incorporated reported 321,410 shares or 0.37% of all its holdings. Scopus Asset Mgmt Lp last reported 65,000 shares in the company. Srb accumulated 0.02% or 2,925 shares. Tide Point Capital Mgmt L P owns 300,000 shares or 1.05% of their US portfolio. Cedar Hill Assoc Ltd Limited Liability Company last reported 155,175 shares in the company. Blackrock Gru Ltd holds 1.40 million shares or 0.03% of its portfolio. Public Sector Pension Investment Board holds 0.01% or 25,429 shares in its portfolio. Sandhill Prtnrs Llc reported 360,359 shares or 5.22% of all its holdings.
Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 1 insider sale for $700,911 net activity. UTECHT ANDREA E had sold 14,388 shares worth $700,911 on Monday, June 13.
More important recent FMC Corp (NYSE:FMC) news were published by: Fool.com which released: “Lithium Stock Investors: FMC Corp. Kicked Off the Industry’s Q3 Earnings …” on November 10, 2016, also Prnewswire.com published article titled: “FMC Corporation Announces Third Quarter 2016 Results”, 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) was released by: Nasdaq.com and their article: “3 Reasons Why FMC Corp (FMC) is a Great Momentum Stock” with publication date: November 15, 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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