Royal Bank Of Canada Cuts FMC (NYSE:FMC) Price Target to $16.00

FMC (NYSE:FMC) had its target price reduced by analysts at Royal Bank Of Canada from $17.00 to $16.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 1.80% from the company’s previous close.

Several other analysts also recently issued reports on FMC. Wells Fargo & Company started coverage on shares of FMC in a report on Tuesday, November 11th. They set an “equal weight” rating and a $16.00 price objective for the company. Morgan Stanley cut their price objective on FMC from $38.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FMC in a report on Monday, December 29th. Barclays downgraded FMC from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $16.00 to $13.00 in a research report on Tuesday, December 9th. Finally, The Goldman Sachs Group reduced their price objective on FMC from $43.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.77.

FMC Stock Up 2.1%

Shares of NYSE:FMC traded up $0.33 on Wednesday, reaching $15.72. The company had a trading volume of 328,718 shares, compared to its average volume of 3,647,093. The stock has a market capitalization of $1.96 billion, a P/E ratio of -3.71, a P/E/G ratio of 0.89 and a beta of 0.65. The stock has a 50-day moving average price of $13.87 and a 200 day moving average price of $27.19. FMC has a twelve month low of $12.17 and a twelve month high of $57.00. The company has a quick ratio of 1.05, a current ratio of 1.40 and a debt-to-equity ratio of 0.86.

FMC (NYSE:FMC) last issued its quarterly earnings data 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. The business had revenue of $542.20 million for the quarter, compared to the consensus estimate of $1.08 billion. FMC had a positive return on equity of 10.40% and a negative net margin of 14.81%.The firm’s revenue was down 49.1% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. 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, equities analysts expect that FMC will post 3.48 EPS for the current year.

Insider Buying and Selling

In related news, Director John Mitchell Raines bought 7,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $13.77 per share, with a total value of $96,390.00. Following the acquisition, the director owned 13,784 shares in the company, valued at approximately $189,805.68. This represents a 103.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of FMC

Several institutional investors have recently bought and sold shares of FMC. Jones Financial Companies Lllp raised 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 in the last quarter. Rhumbline Advisers boosted its position in FMC by 0.5% in the third quarter. Rhumbline Advisers now owns 293,690 shares of the basic materials company’s stock valued at $9,877,000 after buying an additional 1,406 shares in the last quarter. SG Americas Securities LLC grew its stake in FMC by 104.9% during the fourth quarter. SG Americas Securities LLC now owns 200,326 shares of the basic materials company’s stock worth $2,779,000 after buying an additional 102,545 shares during the last quarter. Inspire Trust Co. N.A. increased its holdings in shares of FMC by 60.7% during the third quarter. Inspire Trust Co. N.A. now owns 140,000 shares of the basic materials company’s stock worth $4,708,000 after buying an additional 52,900 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA bought a new position in shares of FMC in the third quarter valued at approximately $2,245,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

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.