FMC (NYSE:FMC) Upgraded to Strong-Buy at KeyCorp

KeyCorp upgraded shares of FMC (NYSE:FMC) to a strong-buy rating in a report issued on Thursday morning,Zacks reports. KeyCorp also issued estimates for FMC’s FY2028 earnings at $2.05 EPS.

Other analysts also recently issued reports about the company. Wall Street Zen raised FMC from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Seaport Research Partners set a $21.00 target price on shares of FMC in a research report on Tuesday, August 4th. Zacks Research cut shares of FMC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. BMO Capital Markets set a $14.00 target price on shares of FMC in a research note on Friday, July 3rd. Finally, Mizuho set a $16.00 price target on shares of FMC in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.25.

FMC Trading Down 1.4%

Shares of FMC stock opened at $12.11 on Thursday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -0.55 and a beta of 0.41. FMC has a fifty-two week low of $9.94 and a fifty-two week high of $38.68. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.48 and a current ratio of 1.99. The stock has a 50 day moving average of $11.20 and a 200 day moving average of $13.05.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The company had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $895.14 million. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was down 17.5% compared to the same quarter last year. As a group, research analysts predict that FMC will post 1.27 earnings per share for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 annualized dividend and a yield of 2.6%. FMC’s dividend payout ratio is presently -1.45%.

Hedge Funds Weigh In On FMC

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc grew its position in FMC by 99.0% in the 2nd quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 1,356 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of FMC by 3,642.9% during the first quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,785 shares in the last quarter. Essential Partners LLC acquired a new stake in shares of FMC during the first quarter worth about $43,000. Nykredit A S purchased a new position in shares of FMC in the second quarter valued at approximately $55,000. Finally, Parallel Advisors LLC boosted its stake in shares of FMC by 297.2% in the first quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 4,687 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Key FMC News

Here are the key news stories impacting FMC this week:

• Positive Sentiment: KeyCorp analyst S. Tiano projects FMC will earn $2.05 per share in FY2028, well above the current full-year consensus estimate of $1.27. The forecast suggests analysts expect a meaningful recovery in profitability over the next several years, which may support investor sentiment. KeyCorp FY2028 earnings estimate
• Positive Sentiment: Analysts reportedly assign FMC an average price target of $14.25, above the stock’s recent trading level near $12, indicating potential upside if the company delivers on its expected earnings recovery. FMC average analyst price target
• Neutral Sentiment: Corporate controller Nicholas Pfeiffer sold 1,251 FMC shares for approximately $15,988, reducing his position by 4.2% but leaving him with 28,513 shares. The transaction is relatively small and does not necessarily indicate a change in management’s view of the company. FMC insider stock sale filing
• Negative Sentiment: Reports about vulnerabilities in Cisco Secure FMC involve Cisco’s cybersecurity software, not FMC Corporation, and therefore have no direct investment implications for FMC shares. Cisco Secure FMC vulnerability report

About FMC

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.