FMC (NYSE:FMC) Stock Gets Price Target Cut from Mizuho

FMC (NYSE:FMC) had its price objective decreased by Mizuho from $15.00 to $12.00 in a report released on Tuesday, Marketbeat Ratings reports. Mizuho currently has an outperform rating on the basic materials company’s stock.

Other research analysts also recently issued reports about the company. Morgan Stanley decreased their price objective on FMC from $15.50 to $12.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Seaport Research Partners set a $21.00 target price on FMC in a research note on Tuesday, August 4th. BMO Capital Markets set a $14.00 target price on FMC in a research note on Friday, July 3rd. KeyCorp started coverage on FMC in a research report on Friday, September 11th. They set an “overweight” rating and a $16.00 price target for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of FMC in a research note on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, FMC has an average rating of “Hold” and a consensus price target of $12.69.

FMC Price Performance

Shares of NYSE FMC opened at $5.63 on Tuesday. The firm has a market cap of $705.67 million, a PE ratio of -0.26 and a beta of 0.45. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 2.38. FMC has a 1-year low of $4.84 and a 1-year high of $30.95. The company has a fifty day moving average price of $10.34 and a 200 day moving average price of $12.17.

FMC (NYSE:FMC) last released its earnings results on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%. The firm had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $895.14 million. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue was down 17.5% on a year-over-year basis. Research analysts predict that FMC will post 1.23 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.32 annualized dividend and a yield of 5.7%. FMC’s payout ratio is -1.45%.

Hedge Funds Weigh In On FMC

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in shares of FMC in the 2nd quarter valued at about $8,498,000. AXQ Capital LP raised its holdings in FMC by 109.9% during the second quarter. AXQ Capital LP now owns 366,661 shares of the basic materials company’s stock worth $4,217,000 after acquiring an additional 191,945 shares in the last quarter. SG Americas Securities LLC raised its holdings in FMC by 6.7% during the first quarter. SG Americas Securities LLC now owns 213,656 shares of the basic materials company’s stock worth $3,679,000 after acquiring an additional 13,330 shares in the last quarter. Wellington Management Group LLP raised its holdings in FMC by 142.4% during the second quarter. Wellington Management Group LLP now owns 235,089 shares of the basic materials company’s stock worth $2,704,000 after acquiring an additional 138,098 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in FMC during the first quarter worth about $1,401,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Key FMC News

Here are the key news stories impacting FMC this week:

• Positive Sentiment: FMC announced commercial actions—including price reductions on selected products and changes to its U.S. selling model—to reduce elevated channel inventories, improve product movement and support future replenishment demand. FMC Corporation Provides Update to Third-Quarter Expectations
• Neutral Sentiment: Options activity increased, with traders purchasing approximately 3,446 call contracts versus an average of about 2,073, indicating some speculative interest despite the selloff.
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $9 from $11 while maintaining a “sector perform” rating, signaling limited conviction in a near-term recovery. RBC Lowers FMC Price Target
• Negative Sentiment: FMC cut third-quarter revenue guidance to just $65 million–$125 million and projected adjusted EBITDA of negative $565 million to negative $510 million. The revised outlook is dramatically below prior expectations and reflects approximately $625 million–$675 million of charges tied to commercial actions. FMC Cuts Third-Quarter Revenue Outlook
• Negative Sentiment: Management cited weaker-than-expected demand, challenging market conditions and unusually high inventories of more expensive FMC products held by channel customers. Those inventories are restricting product movement and delaying replenishment orders, while generic competition is forcing pricing reductions. FMC Warns of Losses and Slashes Outlook
• Negative Sentiment: FMC said it expects to comply with its debt covenants at September 30 but plans to discuss potential covenant modifications with its banks, adding financial-risk concerns.
• Negative Sentiment: Multiple law firms announced investigations into possible securities-law violations following the outlook reduction. These announcements do not establish wrongdoing, but they add headline and litigation risk for investors. FMC Investor Alert

FMC Company Profile

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops, manufactures and markets crop protection products for farmers and other agricultural professionals. Its portfolio includes herbicides, insecticides and fungicides used to help protect crops from weeds, insects and diseases.

The company also develops biological and other crop health solutions, supported by research in areas such as plant science, chemistry and biotechnology. FMC’s products are used across a range of crops and growing conditions, and the company serves agricultural markets in North America, Latin America, Europe, Asia and other regions worldwide.

FMC traces its origins to 1883 and has evolved through acquisitions and investments in agricultural technology into a focused crop protection company.