FMC (NYSE:FMC) Price Target Cut to $12.00 by Analysts at Royal Bank Of Canada

FMC (NYSE:FMC) had its target price cut by Royal Bank Of Canada from $14.00 to $12.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of FMC from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. The Goldman Sachs Group upped their price objective on shares of FMC from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Citigroup lowered their price target on FMC from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. JPMorgan Chase & Co. boosted their price objective on shares of FMC from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Vertical Research lowered shares of FMC from a “hold” rating to a “sell” rating and set a $14.00 price target for the company. in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $15.54.

FMC Stock Up 1.5%

Shares of NYSE FMC opened at $11.36 on Tuesday. FMC has a 1 year low of $10.56 and a 1 year high of $43.97. The stock’s 50-day simple moving average is $11.93 and its 200-day simple moving average is $14.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 1.29. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -0.57 and a beta of 0.38.

FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.16. The firm had revenue of $762.40 million for the quarter, compared to analysts’ expectations of $745.42 million. FMC had a negative net margin of 72.93% and a positive return on equity of 10.53%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. FMC has set its FY 2026 guidance at 1.630-1.890 EPS and its Q2 2026 guidance at 0.160-0.260 EPS. As a group, equities analysts anticipate that FMC will post 1.63 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 30th. FMC’s payout ratio is currently -1.60%.

Institutional Trading of FMC

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB raised its holdings in FMC by 67.1% in the second quarter. Handelsbanken Fonder AB now owns 58,000 shares of the basic materials company’s stock worth $667,000 after purchasing an additional 23,300 shares during the period. Glenmede Trust Co. NA boosted its position in FMC by 14.9% during the first quarter. Glenmede Trust Co. NA now owns 12,427 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 1,614 shares during the last quarter. Essential Partners LLC bought a new position in shares of FMC in the 1st quarter valued at about $43,000. EverSource Wealth Advisors LLC boosted its stake in shares of FMC by 3,714.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,041 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 8,804 shares during the period. Finally, Entropy Technologies LP acquired a new position in FMC in the 1st quarter valued at about $1,401,000. 91.86% of the stock is owned by institutional investors.

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.