FMC (NYSE:FMC) Hits New 52-Week Low Following Analyst Downgrade

FMC Corporation (NYSE:FMC) hit a new 52-week low on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $43.00 to $14.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. FMC traded as low as $12.70 and last traded at $12.7490, with a volume of 313208 shares traded. The stock had previously closed at $12.95.

Several other research firms also recently weighed in on FMC. Royal Bank Of Canada dropped their target price on shares of FMC from $33.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Bank of America upgraded shares of FMC from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $37.00 to $33.00 in a research report on Tuesday, October 14th. Barclays lowered their price target on FMC from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. KeyCorp reissued a “sector weight” rating on shares of FMC in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of FMC in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.08.

Insider Buying and Selling at FMC

In related news, VP Jacqueline Scanlan sold 3,790 shares of FMC stock in a transaction on Monday, September 29th. The stock was sold at an average price of $34.00, for a total transaction of $128,860.00. Following the completion of the sale, the vice president owned 33,044 shares of the company’s stock, valued at approximately $1,123,496. This trade represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mitchell Raines purchased 7,000 shares of FMC stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $13.77 per share, with a total value of $96,390.00. Following the completion of the acquisition, the director owned 13,784 shares in the company, valued at $189,805.68. The trade was a 103.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FMC

Institutional investors have recently modified their holdings of the company. Elequin Capital LP acquired a new position in shares of FMC during the 1st quarter worth about $30,000. Creative Financial Designs Inc. ADV raised its holdings in shares of FMC by 180.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock worth $34,000 after buying an additional 524 shares in the last quarter. AlphaQuest LLC bought a new position in shares of FMC during the first quarter valued at $74,000. Brooklyn Investment Group lifted its holdings in FMC by 403.1% during the 1st quarter. Brooklyn Investment Group now owns 2,465 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 1,975 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in FMC during the 1st quarter valued at $134,000. Institutional investors own 91.86% of the company’s stock.

FMC Price Performance

The stock has a fifty day moving average of $27.35 and a 200-day moving average of $35.67. The firm has a market capitalization of $1.60 billion, a P/E ratio of 16.03, a PEG ratio of 1.09 and a beta of 0.72. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74.

FMC (NYSE:FMC) last released its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. The business 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 prior year, the firm earned $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. Equities analysts predict that FMC Corporation will post 3.48 EPS for the current fiscal year.

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.