Citigroup Has Lowered Expectations for FMC (NYSE:FMC) Stock Price

FMC (NYSE:FMC) had its price target lowered by Citigroup from $34.00 to $17.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price objective indicates a potential upside of 12.18% from the company’s previous close.

FMC has been the topic of a number of other reports. Morgan Stanley reduced their price target on shares of FMC from $42.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of FMC in a research report on Friday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $16.00 price target (down from $41.00) on shares of FMC in a research report on Friday. Royal Bank Of Canada reduced their price target on shares of FMC from $33.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, UBS Group reduced their target price on shares of FMC from $36.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.50.

FMC Price Performance

FMC opened at $15.15 on Friday. The stock has a market capitalization of $1.89 billion, a PE ratio of 18.94, a P/E/G ratio of 1.09 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. FMC has a 1 year low of $14.65 and a 1 year high of $67.75. The company’s 50 day simple moving average is $33.32 and its 200 day simple moving average is $37.87.

FMC (NYSE:FMC) last announced its quarterly earnings results 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 firm had revenue of $542.20 million for the quarter, compared to analysts’ expectations of $1.08 billion. FMC had a net margin of 2.42% and a return on equity of 9.36%. FMC’s revenue was down 49.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS. FY 2025 guidance at 2.920-3.140 EPS. As a group, sell-side analysts expect that FMC will post 3.48 EPS for the current year.

Insider Activity at FMC

In other news, VP Jacqueline Scanlan sold 3,790 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $34.00, for a total transaction of $128,860.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.67% of the company’s stock.

Institutional Trading of FMC

Several institutional investors have recently added to or reduced their stakes in FMC. AQR Capital Management LLC raised its holdings in FMC by 1,199.9% in the first 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FMC by 286.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company’s stock valued at $189,618,000 after acquiring an additional 3,329,974 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in FMC by 74.2% in the first 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 in the last quarter. Principal Financial Group Inc. raised its holdings in FMC by 327.3% in the first quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company’s stock valued at $26,476,000 after acquiring an additional 480,691 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

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.