FMC (NYSE:FMC) Raised to “Strong-Buy” at KeyCorp

FMC (NYSE:FMC) was upgraded by equities research analysts at KeyCorp to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports. KeyCorp also issued estimates for FMC’s FY2028 earnings at $2.05 EPS.

FMC has been the topic of several other research reports. Morgan Stanley dropped their price objective on shares of FMC from $15.50 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered their target price on FMC from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Wall Street Zen upgraded FMC from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 price target on shares of FMC in a report on Friday, July 31st. Finally, Zacks Research lowered FMC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus price target of $14.25.

FMC Stock Down 1.4%

FMC stock opened at $12.11 on Thursday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.99 and a quick ratio of 1.48. FMC has a 1-year low of $9.94 and a 1-year high of $38.68. The firm has a fifty day moving average price of $11.20 and a two-hundred day moving average price of $13.05. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -0.55 and a beta of 0.41.

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

Institutional Investors Weigh In On FMC

A number of hedge funds have recently made changes to their positions in FMC. IFP Advisors Inc raised its holdings in FMC by 99.0% during the second quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock worth $31,000 after buying an additional 1,356 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of FMC by 14.9% in the first quarter. Glenmede Trust Co. NA now owns 12,427 shares of the basic materials company’s stock valued at $214,000 after buying an additional 1,614 shares in the last quarter. Root Financial Partners LLC grew its holdings 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 valued at $32,000 after buying an additional 1,785 shares during the last quarter. Essential Partners LLC acquired a new position in shares of FMC during the first quarter valued at about $43,000. Finally, Parallel Advisors LLC increased its position in shares of FMC by 297.2% during the first quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 4,687 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC News Roundup

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

FMC Company Profile

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.