Citigroup Cuts FMC (NYSE:FMC) Price Target to $14.00

FMC (NYSE:FMC) had its price target decreased by Citigroup from $17.00 to $14.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price objective suggests a potential upside of 2.15% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of FMC in a research note on Friday, October 31st. Wall Street Zen lowered FMC from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Mizuho lowered their target price on FMC from $30.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday. Wells Fargo & Company assumed coverage on FMC in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $16.00 price target for the company. Finally, Barclays lowered shares of FMC from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $16.00 to $13.00 in a research report on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.46.

FMC Stock Performance

NYSE:FMC traded down $0.08 during mid-day trading on Thursday, reaching $13.71. The stock had a trading volume of 1,841,829 shares, compared to its average volume of 3,099,539. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.05 and a current ratio of 1.40. The business has a 50 day simple moving average of $18.48 and a 200 day simple moving average of $32.04. FMC has a twelve month low of $12.17 and a twelve month high of $57.00. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -3.23, a PEG ratio of 0.60 and a beta of 0.65.

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 the consensus estimate of $0.85 by $0.04. FMC had a positive return on equity of 10.40% and a negative net margin of 14.81%.The business had revenue of $542.20 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $0.69 EPS. The company’s quarterly 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 and its FY 2025 guidance at 2.920-3.140 EPS. On average, analysts expect that FMC will post 3.48 earnings per share for the current fiscal year.

Insider Transactions at FMC

In other FMC news, VP Jacqueline Scanlan sold 3,790 shares of FMC stock in a transaction that occurred 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 directly owned 33,044 shares of the company’s stock, valued at approximately $1,123,496. The trade was a 10.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mitchell Raines purchased 7,000 shares of FMC stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $13.77 per share, for a total transaction of $96,390.00. Following the purchase, the director owned 13,784 shares in the company, valued at approximately $189,805.68. This trade represents a 103.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On FMC

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in shares of FMC by 1,199.9% during the 1st quarter. AQR Capital Management LLC now owns 3,621,496 shares of the basic materials company’s stock valued at $151,071,000 after acquiring an additional 3,342,888 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in FMC by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company’s stock valued at $115,736,000 after acquiring an additional 457,094 shares during the last quarter. Ameriprise Financial Inc. increased its stake in FMC by 9.8% during the first quarter. Ameriprise Financial Inc. now owns 1,641,657 shares of the basic materials company’s stock worth $69,274,000 after acquiring an additional 146,048 shares during the last quarter. Jones Financial Companies Lllp increased its stake in FMC by 6.3% during the third quarter. Jones Financial Companies Lllp now owns 728,716 shares of the basic materials company’s stock worth $24,514,000 after acquiring an additional 43,275 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in shares of FMC by 67.9% in the 1st quarter. Gotham Asset Management LLC now owns 509,886 shares of the basic materials company’s stock worth $21,512,000 after purchasing an additional 206,268 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.