Citigroup Cuts FMC (NYSE:FMC) Price Target to $14.00

FMC (NYSE:FMC) had its target price lowered by Citigroup from $17.00 to $14.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other research firms also recently issued reports on FMC. Morgan Stanley lowered their price objective on FMC from $38.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. Zacks Research downgraded shares of FMC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. UBS Group reduced 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, October 31st. The Goldman Sachs Group lowered their target price on FMC from $43.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, KeyCorp reiterated a “sector weight” rating on shares of FMC in a research report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.46.

FMC Price Performance

FMC stock opened at $13.34 on Thursday. FMC has a 1 year low of $12.17 and a 1 year high of $57.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.40 and a quick ratio of 1.05. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -3.15, a P/E/G ratio of 0.61 and a beta of 0.65. The company has a 50 day simple moving average of $17.84 and a 200 day simple moving average of $31.66.

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. The company had revenue of $542.20 million during the quarter, compared to the consensus estimate of $1.08 billion. FMC had a negative net margin of 14.81% and a positive return on equity of 10.40%. The company’s revenue for the quarter was down 49.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS and its FY 2025 guidance at 2.920-3.140 EPS. Research analysts anticipate that FMC will post 3.48 EPS for the current fiscal year.

FMC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, December 31st. FMC’s dividend payout ratio is presently -54.72%.

Insider Buying and Selling at FMC

In related news, VP Jacqueline Scanlan sold 3,790 shares of the business’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 owned 33,044 shares in the company, valued at $1,123,496. The trade was a 10.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mitchell Raines purchased 7,000 shares of FMC stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $13.77 per share, with a total value of $96,390.00. Following the completion of the acquisition, the director directly owned 13,784 shares of the company’s stock, valued at approximately $189,805.68. This trade represents a 103.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On FMC

A number of hedge funds have recently added to or reduced their stakes in FMC. Great Lakes Advisors LLC acquired a new stake in FMC in the 1st quarter valued at $922,000. American Century Companies Inc. grew its holdings in shares of FMC by 275.6% during the first quarter. American Century Companies Inc. now owns 507,238 shares of the basic materials company’s stock valued at $21,400,000 after buying an additional 372,182 shares during the last quarter. Bayforest Capital Ltd increased its position in shares of FMC by 19,282.4% during the first quarter. Bayforest Capital Ltd now owns 20,933 shares of the basic materials company’s stock worth $883,000 after acquiring an additional 20,825 shares in the last quarter. Kestra Investment Management LLC increased its holdings in FMC by 6,882.7% during the 1st quarter. Kestra Investment Management LLC now owns 21,786 shares of the basic materials company’s stock worth $919,000 after purchasing an additional 21,474 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC purchased a new position in shares of FMC during the first quarter valued at approximately $291,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

About FMC

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.