FMC (NYSE:FMC) Price Target Raised to $16.00

FMC (NYSE:FMC) had its price objective upped by Citigroup from $14.00 to $16.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other analysts also recently commented on the stock. The Goldman Sachs Group decreased their target price 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. Morgan Stanley decreased their price objective on shares of FMC from $38.00 to $17.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. lowered their target price on shares of FMC from $43.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Barclays cut FMC from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $16.00 to $13.00 in a research report on Tuesday, December 9th. Finally, UBS Group lowered their price objective on FMC from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, FMC presently has a consensus rating of “Hold” and a consensus price target of $24.92.

FMC Price Performance

FMC opened at $16.28 on Wednesday. The stock has a fifty day moving average price of $14.00 and a 200 day moving average price of $26.85. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.86. FMC has a 1 year low of $12.17 and a 1 year high of $57.00. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -3.84, a PEG ratio of 0.95 and a beta of 0.65.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.89 earnings per share 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 analyst estimates of $1.08 billion. FMC had a positive return on equity of 10.40% and a negative net margin of 14.81%.The business’s revenue was down 49.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS and its FY 2025 guidance at 2.920-3.140 EPS. Analysts forecast that FMC will post 3.48 EPS for the current fiscal year.

FMC Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 31st. FMC’s payout ratio is currently -7.55%.

Insider Activity at FMC

In other FMC news, Director John Mitchell Raines acquired 7,000 shares of FMC stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $13.77 per share, with a total value of $96,390.00. Following the completion of the transaction, the director owned 13,784 shares of the company’s stock, valued at $189,805.68. The trade was a 103.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FMC

Several large investors have recently bought and sold shares of FMC. SG Americas Securities LLC grew its position in FMC by 290.5% in the 3rd quarter. SG Americas Securities LLC now owns 97,781 shares of the basic materials company’s stock worth $3,288,000 after purchasing an additional 72,743 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of FMC by 16.7% in the second quarter. GAMMA Investing LLC now owns 4,956 shares of the basic materials company’s stock valued at $207,000 after buying an additional 711 shares during the period. Steel Grove Capital Advisors LLC lifted its stake in shares of FMC by 28.4% in the second quarter. Steel Grove Capital Advisors LLC now owns 45,296 shares of the basic materials company’s stock valued at $1,891,000 after buying an additional 10,018 shares during the period. Roffman Miller Associates Inc. PA acquired a new stake in FMC during the third quarter worth about $2,245,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in FMC during the second quarter valued at about $606,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.