FMC (NYSE:FMC) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of FMC (NYSE:FMC) in a research note published on Tuesday, Marketbeat Ratings reports. The firm issued an equal weight rating and a $16.00 price target on the basic materials company’s stock.

Several other brokerages have also recently commented on FMC. Bank of America raised shares of FMC from an “underperform” rating to a “neutral” rating and reduced their price target for the stock from $37.00 to $33.00 in a research report on Tuesday, October 14th. Royal Bank Of Canada cut their price objective on FMC from $33.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. The Goldman Sachs Group decreased their target price on FMC from $43.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Citigroup lowered their price target on FMC from $34.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Mizuho reduced their price objective on FMC from $49.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.25.

FMC Stock Down 1.4%

FMC stock opened at $13.65 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The firm has a 50 day simple moving average of $28.80 and a 200-day simple moving average of $36.30. The company has a market capitalization of $1.71 billion, a P/E ratio of 17.06, a PEG ratio of 1.09 and a beta of 0.72. FMC has a twelve month low of $12.87 and a twelve month high of $61.26.

FMC (NYSE:FMC) last posted its quarterly earnings results 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. The firm had revenue of $542.20 million for the quarter, compared to analysts’ expectations of $1.08 billion. FMC had a net margin of 2.42% and a return on equity of 9.36%. The firm’s quarterly revenue was down 49.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 3,790 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $34.00, for a total transaction of $128,860.00. Following the completion of the transaction, the vice president directly owned 33,044 shares in the company, valued at $1,123,496. This represents a 10.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FMC

Several hedge funds and other institutional investors have recently modified their holdings of the company. Entropy Technologies LP bought a new position in shares of FMC during the third quarter worth about $267,000. Cary Street Partners Financial LLC boosted its stake in FMC by 26.0% during the 3rd quarter. Cary Street Partners Financial LLC now owns 18,173 shares of the basic materials company’s stock valued at $611,000 after purchasing an additional 3,749 shares during the period. Inspire Trust Co. N.A. boosted its stake in FMC by 60.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 140,000 shares of the basic materials company’s stock valued at $4,708,000 after purchasing an additional 52,900 shares during the period. Dearborn Partners LLC bought a new position in FMC in the 3rd quarter worth about $747,000. Finally, Rhumbline Advisers increased its stake in shares of FMC by 0.5% in the third quarter. Rhumbline Advisers now owns 293,690 shares of the basic materials company’s stock valued at $9,877,000 after purchasing an additional 1,406 shares during the period. Institutional investors and hedge funds 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.