Royal Bank Of Canada Cuts FMC (NYSE:FMC) Price Target to $12.00

FMC (NYSE:FMC) had its price target reduced by Royal Bank Of Canada from $14.00 to $12.00 in a research note released on Tuesday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the basic materials company’s stock.

FMC has been the subject of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of FMC in a report on Friday, May 29th. The Goldman Sachs Group boosted their price objective on FMC from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Citigroup lowered their target price on FMC from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. UBS Group increased their target price on FMC from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company lifted their price target on FMC from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $15.54.

FMC Stock Performance

NYSE:FMC opened at $11.71 on Tuesday. FMC has a twelve month low of $10.56 and a twelve month high of $43.65. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. The stock’s 50-day simple moving average is $11.87 and its 200 day simple moving average is $14.06. The firm has a market capitalization of $1.46 billion, a PE ratio of -0.59 and a beta of 0.38.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, April 29th. The basic materials company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.16. The firm had revenue of $762.40 million during the quarter, compared to analysts’ expectations of $745.42 million. FMC had a negative net margin of 72.93% and a positive return on equity of 10.53%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. FMC has set its FY 2026 guidance at 1.630-1.890 EPS and its Q2 2026 guidance at 0.160-0.260 EPS. On average, analysts anticipate that FMC will post 1.63 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 2.7%. FMC’s dividend payout ratio is -1.60%.

Institutional Trading of FMC

A number of large investors have recently bought and sold shares of FMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of FMC by 11.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company’s stock valued at $2,171,000 after purchasing an additional 5,091 shares in the last quarter. Focus Partners Wealth increased its holdings in FMC by 137.7% in the first quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company’s stock worth $904,000 after purchasing an additional 12,414 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in FMC by 45.1% in the second 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 buying an additional 17,878 shares during the period. Entropy Technologies LP acquired a new position in FMC in the third quarter valued at approximately $267,000. Finally, Armistice Capital LLC acquired a new position in FMC in the third quarter valued at approximately $204,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting FMC

Here are the key news stories impacting FMC this week:

• Neutral Sentiment: FMC announced a regular quarterly dividend of $0.08 per share, payable October 15 to shareholders of record on September 30. While the payout is modest, it signals that management continues to maintain the dividend despite the company’s weak stock performance. FMC Corporation Declares Quarterly Dividend
• Neutral Sentiment: RBC Capital lowered its price target on FMC to $12.00, reinforcing a cautious view from analysts and suggesting limited upside from current levels. Royal Bank Of Canada Lowers FMC (NYSE:FMC) Price Target to $12.00
• Neutral Sentiment: Zacks said FMC is not well positioned for an earnings beat in its upcoming report, pointing to expectations for declining earnings and adding to investor caution ahead of results. Analysts Estimate FMC (FMC) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: There was also unusually heavy call option activity in FMC, which can indicate speculative interest, but it is not clear whether traders are positioning for a near-term move higher.
• Negative Sentiment: Brokerage consensus remains at “Reduce,” reflecting skepticism about the company’s near-term outlook and likely contributing to the stock’s weakness. FMC Corporation (NYSE:FMC) Given Consensus Recommendation of “Reduce” by Brokerages

FMC Company Profile

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.