FMC Corporation (FMC) Stock Faces Lower Risks Forward After Forming Bullish Wedge Up

December 7, 2017 - By Richard Conner

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.39, from 1.3 in 2017Q1. It worsened, as 60 investors sold FMC Corporation shares while 163 reduced holdings. 77 funds opened positions while 125 raised stakes. 118.92 million shares or 1.89% more from 116.71 million shares in 2017Q1 were reported.
Glenview Lc has 6.16% invested in FMC Corporation (NYSE:FMC) for 12.99M shares. Bluecrest Capital Mngmt Ltd holds 0.1% or 34,475 shares in its portfolio. Delta Ltd Liability Company holds 3,370 shares. Pitcairn Com holds 0.04% or 4,238 shares in its portfolio. Old Mutual Customised Solutions (Proprietary) owns 1,200 shares. Whittier Trust Of Nevada Inc holds 0.01% in FMC Corporation (NYSE:FMC) or 1,000 shares. Credit Agricole S A has 0.07% invested in FMC Corporation (NYSE:FMC) for 302,036 shares. Parkwood Limited Liability owns 6,873 shares for 0.08% of their portfolio. New Mexico Educational Retirement Board holds 12,432 shares. Cornerstone Advisors has 42 shares for 0% of their portfolio. Panagora Asset Management Inc has invested 0% in FMC Corporation (NYSE:FMC). Gateway Invest Advisers Limited invested 0.01% in FMC Corporation (NYSE:FMC). Fil Ltd reported 0.04% of its portfolio in FMC Corporation (NYSE:FMC). 255,313 were accumulated by Alliancebernstein Lp. Clinton holds 4,776 shares.

Since June 8, 2017, it had 0 insider purchases, and 1 sale for $962,626 activity.

The stock of FMC Corporation (FMC) formed an up wedge with $92.66 target or 5.00 % above today’s $88.25 share price. The 5 months wedge indicates low risk for the $11.85 billion company. If the $92.66 price target is reached, the company will be worth $592.45 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.30% or $0.26 during the last trading session, reaching $88.25. About 1.35 million shares traded or 18.33% up from the average. FMC Corporation (NYSE:FMC) has risen 62.57% since December 8, 2016 and is uptrending. It has outperformed by 45.87% the S&P500.

Analysts await FMC Corporation (NYSE:FMC) to report earnings on February, 5. They expect $0.98 earnings per share, up 11.36 % or $0.10 from last year’s $0.88 per share. FMC’s profit will be $131.58M for 22.51 P/E if the $0.98 EPS becomes a reality. After $0.70 actual earnings per share reported by FMC Corporation for the previous quarter, Wall Street now forecasts 40.00 % EPS growth.

FMC Corporation (NYSE:FMC) Ratings Coverage

Among 31 analysts covering FMC Tech (NYSE:FMC), 18 have Buy rating, 1 Sell and 12 Hold. Therefore 58% are positive. FMC Tech had 84 analyst reports since July 23, 2015 according to SRatingsIntel. On Friday, January 22 the stock rating was initiated by Credit Suisse with “Outperform”. The firm has “Outperform” rating by Credit Suisse given on Friday, November 4. PiperJaffray upgraded the shares of FMC in report on Monday, November 28 to “Neutral” rating. The company was initiated on Friday, November 20 by Citigroup. On Monday, April 3 the stock rating was upgraded by Suntrust Robinson to “Buy”. The stock of FMC Corporation (NYSE:FMC) has “Outperform” rating given on Thursday, February 23 by RBC Capital Markets. The stock of FMC Corporation (NYSE:FMC) earned “Buy” rating by Nomura on Friday, August 4. The rating was maintained by Jefferies on Monday, August 14 with “Buy”. As per Thursday, July 6, the company rating was maintained by BMO Capital Markets. The stock of FMC Corporation (NYSE:FMC) has “Neutral” rating given on Friday, July 15 by Citigroup.

More notable recent FMC Corporation (NYSE:FMC) news were published by: Streetinsider.com which released: “FMC Corp. (FMC) PT Raised to $106 at Nomura/Instinet” on November 08, 2017, also Nasdaq.com with their article: “Pacific Global Investment Management CO Buys DowDuPont Inc, FMC Corp, The …” published on November 14, 2017, Nasdaq.com published: “Lithium Stock Face Off: Is ALB More Attractive Than FMC?” on November 22, 2017. More interesting news about FMC Corporation (NYSE:FMC) were released by: Streetinsider.com and their article: “FMC Corp. (FMC) PT Raised to $112 at KeyBanc; Remains Bullish” published on December 04, 2017 as well as Reuters.com‘s news article titled: “FMC Corp announces $300 mln lithium investment in Argentina” with publication date: November 09, 2017.

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