FMC (NYSE:FMC) Stock Gets Price Target Reduction from Royal Bank Of Canada

FMC (NYSE:FMC) had its price objective lowered by Royal Bank Of Canada from $9.00 to $7.00 in a research report sent to investors on Monday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the basic materials company’s stock.

FMC has been the topic of several other research reports. Barclays dropped their price objective on FMC from $9.00 to $4.00 and set an “underweight” rating on the stock in a research note on Thursday, October 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of FMC in a research report on Friday, July 31st. KeyCorp started coverage on FMC in a research report on Friday, September 11th. They set an “overweight” rating and a $16.00 target price for the company. UBS Group lowered their target price on FMC from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Finally, Citigroup dropped their price target on FMC from $12.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Reduce” and an average price target of $10.71.

FMC Trading Up 5.8%

Shares of FMC opened at $6.45 on Monday. FMC has a 1-year low of $4.37 and a 1-year high of $18.29. The company has a 50-day moving average of $8.83 and a 200 day moving average of $12.33. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -0.20 and a beta of 0.50. The company has a debt-to-equity ratio of 416.31, a current ratio of 1.66 and a quick ratio of 1.18.

FMC (NYSE:FMC) last released its quarterly earnings data on Thursday, October 29th. The basic materials company reported ($4.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($4.49). The company had revenue of $105.90 million during the quarter, compared to analysts’ expectations of $487.63 million. FMC had a negative net margin of 151.18% and a negative return on equity of 30.77%. FMC’s quarterly revenue was down 80.5% on a year-over-year basis. During the same period last year, the firm earned $0.89 earnings per share. On average, research analysts expect that FMC will post -3.71 EPS for the current year.

Hedge Funds Weigh In On FMC

A number of large investors have recently bought and sold shares of FMC. Ethic Inc. boosted its position in FMC by 38.9% during the 3rd quarter. Ethic Inc. now owns 168,271 shares of the basic materials company’s stock valued at $1,501,000 after acquiring an additional 47,113 shares in the last quarter. Greenleaf Trust increased its holdings in shares of FMC by 75.1% in the 3rd quarter. Greenleaf Trust now owns 48,418 shares of the basic materials company’s stock valued at $432,000 after acquiring an additional 20,765 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of FMC by 73.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,995 shares of the basic materials company’s stock valued at $196,000 after acquiring an additional 9,345 shares during the period. Cidel Asset Management Inc. bought a new position in shares of FMC in the 3rd quarter worth $90,000. Finally, Pinnacle Wealth Planning Services Inc. raised its position in shares of FMC by 1,292.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,411 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 3,166 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Key FMC News

Here are the key news stories impacting FMC this week:

• Positive Sentiment: Citigroup raised its price target to $7 from $6 and maintained a neutral rating, signaling a modestly improved valuation view. Read More.
• Neutral Sentiment: A report revisited Goldman Sachs’ bullish call, noting FMC had lost 61% since the recommendation despite Goldman cutting its target by more than half and retaining a buy stance. This highlights the stock’s steep decline and the risk of relying on analyst targets. Read More.
• Negative Sentiment: Royal Bank of Canada cut its price target on FMC, adding to downward pressure on analyst expectations. The report did not specify the revised target. Read More.
• Negative Sentiment: Morgan Stanley also lowered its price target, another bearish signal for investor expectations. The article listing did not provide the new target. Read More.
• Negative Sentiment: UBS lowered its price target to $6.50 from $10 and kept a neutral rating, substantially reducing its valuation outlook. Read More.
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of FMC investors. The investigation may add legal and reputational uncertainty, though no findings or claims were detailed in the announcement. Read More.

About FMC

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.

The company’s products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.

FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.