Baird Initiates Coverage On FMC Corp to Neutral with Price Target $67

Baird Initiates Coverage On FMC Corp(FMC). In a research note issued to the investors, the brokerage major Announces the price-target to $67 per share. The shares have been rated Neutral. The rating by the stock financial advisor at Baird was issued on Mar 23, 2017 in a research report to their Investors and Clients.

In a different note, RBC Capital said it Initiates Coverage On FMC Corp, according to a research note issued on Feb 23, 2017. In the research note, the firm Announces the price-target to $71 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 8, 2017, Longbow Research said it Upgrades its rating on FMC Corp. The shares have been rated ‘Buy’ by the firm.

FMC Corp (FMC) shares turned negative on Fridays trading session with the shares closing down -0.4 points or -0.65% at a volume of 10,49,153. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $62.01. The peak price level was also seen at $62.01 while the days lowest was $60.81. Finally the shares closed at $61.15. The 52-week high of the shares is $62.84 while the 52-week low is $36.72. According to the latest information available, the market cap of the company is $8,183 M.

FMC Corp(FMC) last announced its earnings results on Feb 6, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $865.600M. Analysts had an estimated revenue of $1.110B. Earnings per share were $0.88. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Andrea E Utecht (Exec. VP, General Counsel, Sec) sold 14,388 shares at $48.72 per share price.Also, On Mar 4, 2016, Mark Douglas (Pres. Agricultural Solutions) sold 10,480 shares at $38.22 per share price.On Sep 3, 2015, Paul W Graves (CFO) purchased 3,342 shares at $40.84 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.

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