FMC (NYSE:FMC) Upgraded to Neutral at Bank of America

Key Points

• FMC has been upgraded to a neutral rating by Bank of America, with a revised target price of $33.00, representing a potential upside of 11.86% from its current price.
• Other analysts, including Wells Fargo and KeyCorp, have upgraded their ratings on FMC, with target prices reaching as high as $61.00.
• The company reported earnings of $0.69 per share for the last quarter, exceeding analysts' expectations and marking a year-over-year revenue increase of 1.2%.

FMC (NYSE:FMC - Get Free Report) was upgraded by stock analysts at Bank of America from an "underperform" rating to a "neutral" rating in a report released on Tuesday,Benzinga reports. The firm presently has a $33.00 target price on the basic materials company's stock, down from their prior target price of $37.00. Bank of America's target price points to a potential upside of 11.86% from the company's current price.

Other equities analysts have also issued reports about the company. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. KeyCorp upped their target price on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of FMC in a research report on Wednesday, October 8th. Morgan Stanley lowered their target price on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Finally, UBS Group decreased their price target on FMC from $44.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, FMC presently has an average rating of "Hold" and an average price target of $44.58.

FMC Price Performance

Shares of NYSE:FMC opened at $29.50 on Tuesday. 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 has a twelve month low of $28.80 and a twelve month high of $67.75. The stock's 50 day moving average is $36.00 and its 200-day moving average is $38.82. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 0.90 and a beta of 0.76.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.10. FMC had a return on equity of 9.36% and a net margin of 2.42%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $995.15 million. During the same period in the prior year, the firm earned $0.63 earnings per share. FMC's revenue for the quarter was up 1.2% on a year-over-year basis. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. Sell-side analysts forecast 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 company's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $34.00, for a total value of $128,860.00. Following the completion of the transaction, the vice president owned 33,044 shares in the company, valued at $1,123,496. This 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 insiders.

Institutional Investors Weigh In On FMC

Several large investors have recently made changes to their positions in the business. State of Tennessee Department of Treasury increased its position in shares of FMC by 45.1% during the 2nd quarter. State of Tennessee Department of Treasury now owns 57,504 shares of the basic materials company's stock valued at $2,401,000 after purchasing an additional 17,878 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of FMC by 201.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,076 shares of the basic materials company's stock valued at $212,000 after purchasing an additional 3,391 shares during the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in shares of FMC during the 2nd quarter valued at $606,000. SG Americas Securities LLC increased its position in shares of FMC by 67.1% during the 2nd quarter. SG Americas Securities LLC now owns 25,038 shares of the basic materials company's stock valued at $1,045,000 after purchasing an additional 10,056 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of FMC by 180.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 524 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.

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.