Piper Jaffray upgraded FMC Corp (NYSE:FMC) from Underweight to Neutral in a report released today.
- Updated: November 28, 2016
Piper Jaffray has upgraded FMC Corp (NYSE:FMC) from Underweight to Neutral in a report released on Monday November 28, 2016.
Previously on 02/16/2016, Goldman Sachs released a statement about FMC Corp (NYSE:FMC) reduced the target price from $38.00 to $33.00. At the time, this indicated a possible downside of -0.08%.
Just yesterday FMC Corp (NYSE:FMC) traded -0.33% lower at $55.11. FMC Corp’s 50-day moving average is $50.14 and its 200-day moving average is $48.19. The last stock price is up 14.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 226,713 shares of FMC traded hands, down from an average trading volume of 1,035,750
Recent Performance Chart
FMC Corp has 52 week low of $32.24 and a 52 week high of $55.63 and has a market capitalization of $0.
In addition to Piper Jaffray reporting its stock price target, a total of 15 brokerages have issued a ratings update on the company. The average stock price target is $40.93 with 1 brokerage rating the stock a strong buy, 6 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On FMC Corp (NYSE:FMC)
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company's FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides. Its FMC Health and Nutrition segment focuses on nutritional ingredients, health excipients and functional health ingredients. FMC Health and Nutrition is a supplier of microcrystalline cellulose, carrageenan, alginates, natural colorants, pectin and omega-3, which has applications in the production of food, pharmaceutical, nutraceutical and other specialty consumer products. Its FMC Lithium segment manufactures lithium for use in a range of lithium products, which are used in energy storage, specialty polymers and chemical synthesis application.
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