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

FMC (NYSE:FMC) had its target price cut by stock analysts at The Goldman Sachs Group from $43.00 to $19.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 30.45% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Barclays downgraded FMC from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $48.00 to $22.00 in a research note on Thursday. Citigroup decreased their price objective on FMC from $34.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of FMC in a report on Wednesday, October 8th. KeyCorp reaffirmed a “sector weight” rating on shares of FMC in a research report on Friday. Finally, Royal Bank Of Canada decreased their price objective on shares of FMC from $33.00 to $17.00 and set an “outperform” rating for the company in a report on Friday. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.75.

FMC Stock Performance

Shares of FMC traded down $0.61 during mid-day trading on Monday, hitting $14.57. 4,697,990 shares of the company’s stock were exchanged, compared to its average volume of 2,744,827. FMC has a fifty-two week low of $14.12 and a fifty-two week high of $66.22. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $33.32 and its two-hundred day moving average is $37.87. The firm has a market capitalization of $1.82 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.09 and a beta of 0.76.

FMC (NYSE:FMC) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.89 earnings per share (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 for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm earned $0.69 EPS. The firm’s quarterly revenue 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. On average, equities analysts expect that FMC will post 3.48 earnings per share for the current year.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 3,790 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $34.00, for a total value of $128,860.00. Following the transaction, the vice president directly owned 33,044 shares of the company’s stock, valued at $1,123,496. This represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings 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 worth $151,071,000 after acquiring an additional 3,342,888 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of FMC by 286.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company’s stock worth $189,618,000 after buying an additional 3,329,974 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of FMC by 74.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,585,564 shares of the basic materials company’s stock valued at $66,895,000 after acquiring an additional 675,207 shares during the last quarter. Principal Financial Group Inc. grew its position in FMC by 327.3% during the 1st quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company’s stock worth $26,476,000 after acquiring an additional 480,691 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in FMC by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company’s stock worth $115,736,000 after purchasing an additional 457,094 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Company Profile

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.