FMC (NYSE:FMC) Earns “Equal Weight” Rating from Wells Fargo & Company

FMC (NYSE:FMC)‘s stock had its “equal weight” rating restated by analysts at Wells Fargo & Company in a report issued on Friday, Marketbeat Ratings reports. They currently have a $16.00 price objective on the basic materials company’s stock, down from their prior price objective of $41.00. Wells Fargo & Company‘s price objective indicates a potential upside of 5.58% from the company’s current price.

A number of other equities research analysts have also commented on FMC. Bank of America upgraded FMC from an “underperform” rating to a “neutral” rating and decreased their price objective for the stock from $37.00 to $33.00 in a research report on Tuesday, October 14th. Citigroup decreased their price objective on FMC from $42.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. The Goldman Sachs Group decreased their price objective on FMC from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of FMC in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on FMC from $42.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.50.

FMC Trading Down 2.4%

NYSE:FMC opened at $15.15 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. FMC has a 1-year low of $14.65 and a 1-year high of $67.75. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.76. The stock has a fifty day simple moving average of $33.32 and a 200 day simple moving average of $37.87.

FMC (NYSE:FMC) last released its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. FMC had a return on equity of 9.36% and a net margin of 2.42%.The business had revenue of $542.20 million during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted $0.69 EPS. 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. FY 2025 guidance at 2.920-3.140 EPS. Sell-side analysts forecast that FMC will post 3.48 earnings per share for the current year.

Insider Activity

In other news, VP Jacqueline Scanlan sold 3,790 shares of FMC stock in a transaction dated 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 sale, the vice president directly owned 33,044 shares in the company, valued at $1,123,496. The trade was a 10.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FMC

Several institutional investors have recently made changes to their positions in FMC. Financial Harvest LLC acquired a new stake in shares of FMC during the 1st quarter valued at about $29,000. Elequin Capital LP bought a new position in shares of FMC in the 1st quarter valued at approximately $30,000. Creative Financial Designs Inc. ADV raised its stake in shares of FMC by 180.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 524 shares in the last quarter. AlphaQuest LLC bought a new position in shares of FMC in the 1st quarter valued at approximately $74,000. Finally, Brooklyn Investment Group raised its stake 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 in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

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.