Morgan Stanley Cuts FMC (NYSE:FMC) Price Target to $38.00

FMC (NYSE:FMC) had its target price cut by Morgan Stanley from $42.00 to $38.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

A number of other research firms have also recently weighed in on FMC. Wells Fargo & Company lowered their target price on shares of FMC from $50.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Royal Bank Of Canada decreased their price objective on shares of FMC from $42.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, October 17th. Mizuho decreased their price objective on shares of FMC from $49.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 9th. Citigroup decreased their price objective on shares of FMC from $42.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FMC in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.08.

FMC Stock Performance

NYSE:FMC opened at $30.50 on Wednesday. The firm’s 50-day moving average is $34.81 and its 200-day moving average is $38.29. FMC has a 52-week low of $28.80 and a 52-week high of $67.75. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 1.14 and a beta of 0.76.

FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. Equities research analysts anticipate that FMC will post 3.48 earnings per share for the current year.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 3,790 shares of the stock in a transaction on 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 sale, the vice president owned 33,044 shares in the company, valued at $1,123,496. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.67% of the company’s stock.

Institutional Trading of FMC

A number of hedge funds have recently modified their holdings of FMC. Oak Thistle LLC increased its holdings in FMC by 5.5% during the first quarter. Oak Thistle LLC now owns 7,653 shares of the basic materials company’s stock worth $323,000 after buying an additional 398 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in FMC by 66.6% during the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company’s stock worth $42,000 after buying an additional 402 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in FMC by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 11,291 shares of the basic materials company’s stock worth $380,000 after buying an additional 442 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in FMC by 180.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock worth $34,000 after buying an additional 524 shares during the last quarter. Finally, First National Advisers LLC increased its holdings in FMC by 1.8% during the first quarter. First National Advisers LLC now owns 29,352 shares of the basic materials company’s stock worth $1,239,000 after buying an additional 525 shares during the last quarter. 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.