FMC (NYSE:FMC) Stock Rating Lowered by Wall Street Zen

FMC (NYSE:FMC) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other analysts also recently commented on FMC. The Goldman Sachs Group reduced their price target on shares of FMC from $43.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Mizuho decreased their target price on shares of FMC from $49.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 9th. Zacks Research cut FMC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada reduced their price objective on FMC from $33.00 to $17.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, UBS Group lowered their target price on FMC from $36.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.75.

FMC Stock Performance

Shares of FMC stock traded down $0.11 during mid-day trading on Friday, hitting $13.88. 998,719 shares of the stock were exchanged, compared to its average volume of 2,872,706. The stock’s fifty day simple moving average is $30.73 and its two-hundred day simple moving average is $36.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. FMC has a 12-month low of $12.87 and a 12-month high of $61.26. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.09 and a beta of 0.72.

FMC (NYSE:FMC) last announced its earnings results on Wednesday, October 29th. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The firm had revenue of $542.20 million during the quarter, compared to analysts’ expectations of $1.08 billion. FMC had a return on equity of 9.36% and a net margin of 2.42%.The business’s revenue was down 49.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS. FY 2025 guidance at 2.920-3.140 EPS. On average, analysts forecast that FMC will post 3.48 EPS for the current year.

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 3,790 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $34.00, for a total transaction of $128,860.00. Following the transaction, the vice president directly owned 33,044 shares in the company, valued at approximately $1,123,496. This represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On FMC

Institutional investors have recently modified their holdings of the company. M&T Bank Corp grew its stake in shares of FMC by 80.2% during the 1st quarter. M&T Bank Corp now owns 33,202 shares of the basic materials company’s stock valued at $1,401,000 after buying an additional 14,778 shares during the period. Cerity Partners LLC boosted its holdings in FMC by 333.2% in the first quarter. Cerity Partners LLC now owns 92,667 shares of the basic materials company’s stock valued at $3,910,000 after acquiring an additional 71,276 shares during the last quarter. Ballentine Partners LLC grew its position in FMC by 143.9% during the first quarter. Ballentine Partners LLC now owns 11,890 shares of the basic materials company’s stock valued at $502,000 after acquiring an additional 7,015 shares during the period. Louisiana State Employees Retirement System increased its stake in FMC by 777.6% during the first quarter. Louisiana State Employees Retirement System now owns 58,800 shares of the basic materials company’s stock worth $2,481,000 after acquiring an additional 52,100 shares during the last quarter. Finally, Speece Thorson Capital Group Inc. increased its stake in FMC by 1.2% during the first quarter. Speece Thorson Capital Group Inc. now owns 462,145 shares of the basic materials company’s stock worth $19,498,000 after acquiring an additional 5,636 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.