Citigroup Lowers FMC (NYSE:FMC) Price Target to $34.00

Key Points

• Citigroup has reduced its price target for FMC from $42.00 to $34.00, maintaining a "neutral" rating, which suggests a potential upside of 8.30% from the previous close.
• Despite the downgrade from Citigroup, other analysts have varied views, with KeyCorp setting a higher price target of $61.00 and Wells Fargo upgrading their rating to "overweight."
• FMC stock is currently trading at $31.40, reflecting a 2.6% decline during midday trading and a substantial difference from its 52-week high of $67.75.

FMC (NYSE:FMC - Get Free Report) had its target price reduced by investment analysts at Citigroup from $42.00 to $34.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the basic materials company's stock. Citigroup's price objective indicates a potential upside of 8.30% from the company's previous close.

FMC has been the topic of several other research reports. KeyCorp lifted their price target on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Barclays lowered their price objective on shares of FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. UBS Group reaffirmed a "neutral" rating on shares of FMC in a report on Monday. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. Finally, Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $47.33.

FMC Stock Down 2.6%

FMC stock traded down $0.85 during midday trading on Monday, hitting $31.40. 834,001 shares of the stock were exchanged, compared to its average volume of 2,449,297. FMC has a 52-week low of $31.14 and a 52-week high of $67.75. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76. The business's 50-day moving average price is $37.19 and its 200-day moving average price is $39.32. 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 - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.10. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. On average, research analysts expect that FMC will post 3.48 EPS for the current fiscal year.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 3,790 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $1,123,496. This trade represents a 10.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of FMC

Institutional investors have recently modified their holdings of the company. Financial Harvest LLC acquired a new stake in shares of FMC in the first quarter valued at about $29,000. Elequin Capital LP acquired a new position in shares of FMC during the first quarter valued at about $30,000. Creative Financial Designs Inc. ADV raised its position in shares of FMC by 180.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company's stock valued at $34,000 after buying an additional 524 shares during the last quarter. Golden State Wealth Management LLC raised its position in FMC by 66.6% in the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after purchasing an additional 402 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in FMC in the first quarter worth about $74,000. Institutional investors and hedge funds own 91.86% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.