The Goldman Sachs Group Cuts FMC (NYSE:FMC) Price Target to $19.00

FMC (NYSE:FMC) had its price target decreased by equities researchers at The Goldman Sachs Group from $43.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 30.45% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Barclays downgraded shares of FMC from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $22.00 in a report on Thursday. KeyCorp reissued a “sector weight” rating on shares of FMC in a research note on Friday. Morgan Stanley set a $17.00 price objective on shares of FMC in a research note on Monday. Citigroup dropped their target price on FMC from $34.00 to $17.00 and set a “neutral” rating for the company in a report on Friday. Finally, UBS Group dropped their price objective on shares of FMC from $36.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, FMC currently has an average rating of “Hold” and an average price target of $29.75.

FMC Trading Down 4.0%

Shares of FMC stock traded down $0.61 on Monday, reaching $14.57. 4,697,990 shares of the company’s stock were exchanged, compared to its average volume of 2,744,827. The company has a market capitalization of $1.82 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.76. FMC has a 52 week low of $14.12 and a 52 week high of $66.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. The firm’s 50-day moving average is $33.32 and its two-hundred day 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 (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. FMC had a return on equity of 9.36% and a net margin of 2.42%.The business had revenue of $542.20 million for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The company’s quarterly revenue was down 49.1% on a year-over-year basis. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS. FY 2025 guidance at 2.920-3.140 EPS. Sell-side analysts predict that FMC will post 3.48 EPS for the current fiscal year.

Insider Activity

In other FMC news, VP Jacqueline Scanlan sold 3,790 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $34.00, for a total value of $128,860.00. Following the transaction, the vice president owned 33,044 shares of the company’s stock, valued at approximately $1,123,496. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FMC

Institutional investors and hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors increased its stake in FMC by 5.0% during the third quarter. Arkadios Wealth Advisors now owns 21,279 shares of the basic materials company’s stock worth $716,000 after acquiring an additional 1,009 shares during the last quarter. SG Americas Securities LLC lifted its position in FMC by 290.5% in the third quarter. SG Americas Securities LLC now owns 97,781 shares of the basic materials company’s stock worth $3,288,000 after buying an additional 72,743 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in FMC by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 11,291 shares of the basic materials company’s stock worth $380,000 after buying an additional 442 shares during the period. Roffman Miller Associates Inc. PA bought a new position in FMC during the third quarter valued at $2,245,000. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of FMC by 45.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 57,504 shares of the basic materials company’s stock worth $2,401,000 after acquiring an additional 17,878 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Company Profile

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.