FMC (NYSE:FMC) Price Target Lowered to $14.00 at Citigroup

FMC (NYSE:FMC) had its price objective decreased by investment analysts at Citigroup from $17.00 to $14.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Citigroup’s target price would indicate a potential upside of 2.15% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Barclays downgraded shares of FMC from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $16.00 to $13.00 in a research report on Tuesday, December 9th. Wall Street Zen lowered FMC from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of FMC from $43.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Mizuho dropped their target price on shares of FMC from $30.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Royal Bank Of Canada decreased their price target on shares of FMC from $33.00 to $17.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, FMC currently has a consensus rating of “Hold” and an average target price of $26.46.

FMC Stock Down 0.5%

Shares of FMC stock traded down $0.08 during trading hours on Thursday, reaching $13.71. The company had a trading volume of 1,841,829 shares, compared to its average volume of 3,099,539. The company has a market capitalization of $1.71 billion, a P/E ratio of -3.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.65. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.05 and a current ratio of 1.40. FMC has a twelve month low of $12.17 and a twelve month high of $57.00. The stock’s fifty day simple moving average is $18.48 and its 200 day simple moving average is $32.04.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.04. FMC had a negative net margin of 14.81% and a positive return on equity of 10.40%. The company had revenue of $542.20 million during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $0.69 earnings per share. FMC’s revenue for the quarter was down 49.1% on a year-over-year basis. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS and its FY 2025 guidance at 2.920-3.140 EPS. As a group, sell-side analysts expect that FMC will post 3.48 earnings per share for the current fiscal year.

Insider Transactions at FMC

In other FMC news, VP Jacqueline Scanlan sold 3,790 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $34.00, for a total value of $128,860.00. Following the completion of the transaction, the vice president directly owned 33,044 shares of the company’s stock, valued at approximately $1,123,496. The trade was a 10.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Mitchell Raines acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $13.77 per share, with a total value of $96,390.00. Following the acquisition, the director directly owned 13,784 shares in the company, valued at $189,805.68. This represents a 103.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On FMC

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV grew its stake in shares of FMC by 180.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock valued at $34,000 after buying an additional 524 shares in the last quarter. AlphaQuest LLC acquired a new stake in FMC in the first quarter valued at $74,000. Brooklyn Investment Group grew its position in shares of FMC by 403.1% in the 1st quarter. Brooklyn Investment Group now owns 2,465 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 1,975 shares during the period. Armistice Capital LLC acquired a new position in shares of FMC during the 3rd quarter worth about $204,000. Finally, GAMMA Investing LLC increased its stake in shares of FMC by 16.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,956 shares of the basic materials company’s stock worth $207,000 after purchasing an additional 711 shares during the last quarter. 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.