JPMorgan Chase & Co. Lowers FMC (NYSE:FMC) Price Target to $14.00

FMC (NYSE:FMC) had its price target lowered by research analysts at JPMorgan Chase & Co. from $43.00 to $14.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.52% from the company’s previous close.

FMC has been the subject of several other reports. Wells Fargo & Company started coverage on shares of FMC in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $16.00 target price for the company. Zacks Research lowered shares of FMC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Wall Street Zen cut FMC from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. UBS Group lowered their price target on shares of FMC from $36.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of FMC in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.08.

FMC Stock Down 3.6%

FMC stock traded down $0.51 during midday trading on Monday, hitting $13.40. 1,535,000 shares of the company’s stock were exchanged, compared to its average volume of 2,930,085. The firm has a 50-day moving average of $28.33 and a two-hundred day moving average of $36.02. FMC has a 12 month low of $12.87 and a 12 month high of $61.26. The company has a market cap of $1.67 billion, a PE ratio of 16.74, a P/E/G ratio of 1.09 and a beta of 0.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.04. The company had revenue of $542.20 million for the quarter, compared to analyst estimates of $1.08 billion. FMC had a net margin of 2.42% and a return on equity of 9.36%. FMC’s revenue was down 49.1% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS. FY 2025 guidance at 2.920-3.140 EPS. As a group, analysts expect that FMC will post 3.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Mitchell Raines acquired 7,000 shares of FMC stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of $13.77 per share, for a total transaction of $96,390.00. Following the acquisition, the director owned 13,784 shares in the company, valued at approximately $189,805.68. This represents a 103.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jacqueline Scanlan sold 3,790 shares of FMC stock in a transaction that occurred 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 completion of the sale, the vice president owned 33,044 shares of the company’s stock, valued at $1,123,496. This trade represents a 10.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is owned by company insiders.

Institutional Trading of FMC

Several hedge funds have recently made changes to their positions in the business. Elequin Capital LP purchased a new position in FMC in the first quarter valued at $30,000. Creative Financial Designs Inc. ADV grew its stake in FMC by 180.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock worth $34,000 after buying an additional 524 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of FMC in the 1st quarter valued at $74,000. Brooklyn Investment Group increased its stake in FMC by 403.1% in the first quarter. Brooklyn Investment Group now owns 2,465 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 1,975 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in FMC during the 1st quarter valued at approximately $134,000. 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.