FMC (NYSE:FMC) Stock Gets Price Target Cut from UBS Group

FMC (NYSE:FMC) had its price objective decreased by UBS Group from $10.00 to $6.50 in a research report released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the basic materials company’s stock.

FMC has been the subject of a number of other research reports. Seaport Research Partners set a $21.00 price objective on shares of FMC in a research note on Tuesday, August 4th. BMO Capital Markets decreased their target price on shares of FMC from $11.00 to $7.50 and set a “market perform” rating on the stock in a research report on Friday, October 16th. Morgan Stanley lowered their target price on shares of FMC from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday. Barclays dropped their price target on shares of FMC from $9.00 to $4.00 and set an “underweight” rating for the company in a research report on Thursday, October 15th. Finally, KeyCorp assumed coverage on shares of FMC in a research report on Friday, September 11th. They set an “overweight” rating and a $16.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $10.71.

FMC Price Performance

Shares of NYSE:FMC opened at $6.05 on Tuesday. The company has a market cap of $941.90 million, a P/E ratio of -0.18 and a beta of 0.50. The company has a quick ratio of 1.18, a current ratio of 1.66 and a debt-to-equity ratio of 416.31. FMC has a 52 week low of $4.37 and a 52 week high of $18.29. The business has a fifty day simple moving average of $8.73 and a 200-day simple moving average of $12.28.

FMC (NYSE:FMC) last released its earnings results on Thursday, October 29th. The basic materials company reported ($4.41) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($4.49). FMC had a negative return on equity of 30.77% and a negative net margin of 151.18%. The business had revenue of $105.90 million for the quarter, compared to analysts’ expectations of $487.63 million. During the same quarter last year, the company posted $0.89 earnings per share. The business’s quarterly revenue was down 80.5% compared to the same quarter last year. Equities research analysts forecast that FMC will post -3.71 EPS for the current year.

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 4,930 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $6.55, for a total transaction of $32,291.50. Following the completion of the sale, the vice president directly owned 58,628 shares in the company, valued at $384,013.40. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FMC

Several hedge funds and other institutional investors have recently modified their holdings of FMC. King Luther Capital Management Corp grew its stake in FMC by 40.5% during the third quarter. King Luther Capital Management Corp now owns 1,497,932 shares of the basic materials company’s stock worth $13,362,000 after buying an additional 431,640 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of FMC in the second quarter worth $8,498,000. AXQ Capital LP increased its position in shares of FMC by 109.9% in the second quarter. AXQ Capital LP now owns 366,661 shares of the basic materials company’s stock worth $4,217,000 after acquiring an additional 191,945 shares in the last quarter. Wellington Management Group LLP increased its position in shares of FMC by 142.4% in the second quarter. Wellington Management Group LLP now owns 235,089 shares of the basic materials company’s stock worth $2,704,000 after acquiring an additional 138,098 shares in the last quarter. Finally, Ethic Inc. raised its stake in shares of FMC by 38.9% in the 3rd quarter. Ethic Inc. now owns 168,271 shares of the basic materials company’s stock valued at $1,501,000 after acquiring an additional 47,113 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC News Summary

Here are the key news stories impacting FMC this week:

• Positive Sentiment: Citigroup forecast strong price appreciation for FMC, providing a bullish contrast to recent target cuts. Citigroup Forecasts Strong Price Appreciation for FMC Stock
• Neutral Sentiment: FMC Vice President Jacqueline Scanlan sold 4,930 shares for about $32,300 under a pre-arranged Rule 10b5-1 plan. The planned sale may be less informative than an unscheduled transaction, though insider selling can still draw investor attention. SEC Form 4 filing
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of FMC investors. The announcement provides no details about the claims, but the inquiry adds potential legal uncertainty. Pomerantz investigates claims on behalf of FMC investors
• Negative Sentiment: Analyst sentiment has weakened: FMC shares fell following a downgrade, and UBS, Royal Bank of Canada, and Morgan Stanley cut their price targets. These moves reinforce concerns about the stock’s outlook. FMC shares down after analyst downgrade UBS cuts FMC price target RBC cuts FMC price target Morgan Stanley cuts FMC price target

About FMC

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.

The company’s products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.

FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.