FMC (NYSE:FMC) Given New $16.00 Price Target at Barclays

FMC (NYSE:FMC) had its target price reduced by equities research analysts at Barclays from $22.00 to $16.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s price target would suggest a potential upside of 17.22% from the stock’s current price.

FMC has been the subject of a number of other research reports. Wall Street Zen downgraded shares of FMC from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research cut shares of FMC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Mizuho lowered their price objective on FMC from $49.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 9th. KeyCorp reaffirmed a “sector weight” rating on shares of FMC in a report on Friday, October 31st. Finally, Bank of America raised shares of FMC from an “underperform” rating to a “neutral” rating and decreased their price target for the company from $37.00 to $33.00 in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.25.

FMC Trading Down 1.4%

FMC stock traded down $0.19 during midday trading on Thursday, reaching $13.65. The company’s stock had a trading volume of 3,806,402 shares, compared to its average volume of 2,922,256. FMC has a 1 year low of $12.87 and a 1 year high of $61.26. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.09 and a beta of 0.72. The stock has a fifty day simple moving average of $29.27 and a two-hundred day simple moving average of $36.45. 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 (NYSE:FMC) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The company had revenue of $542.20 million for the quarter, compared to the consensus estimate of $1.08 billion. FMC had a net margin of 2.42% and a return on equity of 9.36%. The firm’s revenue was down 49.1% compared to the same quarter last year. During the same quarter last year, the firm posted $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, equities research analysts predict that FMC will post 3.48 EPS for the current year.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 3,790 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $34.00, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On FMC

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in shares of FMC by 1,199.9% during the first quarter. AQR Capital Management LLC now owns 3,621,496 shares of the basic materials company’s stock worth $151,071,000 after buying an additional 3,342,888 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FMC by 286.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company’s stock worth $189,618,000 after buying an additional 3,329,974 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of FMC by 74.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,585,564 shares of the basic materials company’s stock valued at $66,895,000 after buying an additional 675,207 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of FMC by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company’s stock valued at $115,736,000 after buying an additional 457,094 shares during the last quarter. Finally, Strs Ohio acquired a new stake in FMC during the 1st quarter worth $18,986,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

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.