The Goldman Sachs Group Cuts FMC (NYSE:FMC) Price Target to $19.00

FMC (NYSE:FMC) had its target price reduced by The Goldman Sachs Group from $43.00 to $19.00 in a research note issued to investors on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the basic materials company’s stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $16.00 target price (down from $41.00) on shares of FMC in a research report on Friday, October 31st. UBS Group reduced their target price on shares of FMC from $36.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Citigroup cut their target price on shares of FMC from $34.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Morgan Stanley dropped their price objective on shares of FMC from $38.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Bank of America upgraded FMC from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $37.00 to $33.00 in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, FMC has a consensus rating of “Hold” and an average price target of $29.75.

FMC Trading Down 0.3%

Shares of FMC stock opened at $13.37 on Monday. FMC has a 1 year low of $13.32 and a 1 year high of $66.22. The firm has a market cap of $1.67 billion, a PE ratio of 16.72, a PEG ratio of 1.09 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. The company has a 50 day simple moving average of $31.76 and a two-hundred day simple moving average of $37.36.

FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. FMC had a net margin of 2.42% and a return on equity of 9.36%. The company had revenue of $542.20 million during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $0.69 EPS. The firm’s revenue was down 49.1% compared to the same quarter last year. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS. FY 2025 guidance at 2.920-3.140 EPS. Analysts expect 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 firm’s 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 transaction, the vice president directly owned 33,044 shares in the company, valued at $1,123,496. This trade represents a 10.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On FMC

A number of hedge funds and other institutional investors have recently bought and sold shares of FMC. Cambridge Investment Research Advisors Inc. boosted its holdings in FMC by 25.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,872 shares of the basic materials company’s stock valued at $543,000 after acquiring an additional 2,645 shares during the period. Amalgamated Bank boosted its holdings in FMC by 56.1% during the 1st quarter. Amalgamated Bank now owns 37,710 shares of the basic materials company’s stock valued at $1,591,000 after acquiring an additional 13,556 shares during the period. Vontobel Holding Ltd. boosted its holdings in FMC by 7.4% during the 1st quarter. Vontobel Holding Ltd. now owns 13,278 shares of the basic materials company’s stock valued at $560,000 after acquiring an additional 910 shares during the period. Principal Financial Group Inc. boosted its stake in shares of FMC by 327.3% in the 1st quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company’s stock valued at $26,476,000 after buying an additional 480,691 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of FMC by 143.5% in the 1st quarter. D.A. Davidson & CO. now owns 34,878 shares of the basic materials company’s stock valued at $1,472,000 after buying an additional 20,554 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

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.