Royal Bank Of Canada Lowers FMC (NYSE:FMC) Price Target to $33.00

Key Points

• Royal Bank of Canada has lowered its price target for FMC from $42.00 to $33.00, maintaining a "sector perform" rating on the stock.
• Multiple analysts have also revised their price targets for FMC, with UBS Group setting a new target of $36.00 and Citigroup at $34.00.
• FMC's stock is currently down 2.0% and has a market cap of $3.67 billion, with significant insider trading activity noted in recent weeks.

FMC (NYSE:FMC - Get Free Report) had its target price lowered by research analysts at Royal Bank Of Canada from $42.00 to $33.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a "sector perform" rating on the basic materials company's stock. Royal Bank Of Canada's target price points to a potential upside of 12.32% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. UBS Group reduced their target price on shares of FMC from $44.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Morgan Stanley reduced their target price on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Barclays reduced their target price on shares of FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Weiss Ratings reiterated a "sell (d+)" rating on shares of FMC in a report on Wednesday, October 8th. Finally, Citigroup reduced their target price on shares of FMC from $42.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $43.08.

FMC Stock Down 2.0%

Shares of NYSE FMC opened at $29.38 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock has a market cap of $3.67 billion, a PE ratio of 36.73, a P/E/G ratio of 1.12 and a beta of 0.76. The company has a 50-day moving average of $35.46 and a 200 day moving average of $38.53. FMC has a 12-month low of $28.80 and a 12-month high of $67.75.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.05 billion during 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 firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. As a group, sell-side analysts predict that FMC will post 3.48 EPS for the current fiscal year.

Insider Transactions at FMC

In other FMC news, VP Jacqueline Scanlan sold 3,790 shares of the firm's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $34.00, for a total transaction of $128,860.00. Following the transaction, the vice president directly owned 33,044 shares of the company's stock, valued at approximately $1,123,496. This trade represents a 10.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.67% of the company's stock.

Institutional Trading of FMC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Harvest LLC purchased a new stake in shares of FMC in the first quarter valued at about $29,000. Elequin Capital LP purchased a new stake in shares of FMC in the first quarter valued at about $30,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of FMC by 180.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 524 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of 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 valued at $42,000 after acquiring an additional 402 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of FMC in the first quarter valued at about $74,000. Hedge funds and other institutional investors 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.

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