Zacks Research Downgrades FMC (NYSE:FMC) to Strong Sell

FMC (NYSE:FMC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of FMC from $33.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. KeyCorp reiterated a “sector weight” rating on shares of FMC in a research report on Friday, October 31st. Citigroup lowered their price target on shares of FMC from $34.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company restated an “equal weight” rating and set a $16.00 price target (down from $41.00) on shares of FMC in a report on Friday, October 31st. Finally, Barclays cut shares of FMC from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $48.00 to $22.00 in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.75.

FMC Trading Down 0.3%

FMC stock opened at $13.37 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.09 and a beta of 0.76. FMC has a 1 year low of $13.32 and a 1 year high of $66.22. The firm’s 50 day moving average price is $31.76 and its two-hundred day moving average price is $37.36.

FMC (NYSE:FMC) last posted 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 firm 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%. The firm’s quarterly revenue was down 49.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, research analysts predict that FMC will post 3.48 EPS for the current fiscal year.

Insider Activity

In related news, VP Jacqueline Scanlan sold 3,790 shares of FMC stock in a transaction on Monday, September 29th. The shares were sold at an average price of $34.00, for a total value of $128,860.00. Following the completion of the sale, the vice president owned 33,044 shares of the company’s stock, valued at approximately $1,123,496. The trade was a 10.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On FMC

Several institutional investors and hedge funds have recently modified their holdings of FMC. Cambridge Investment Research Advisors Inc. lifted its stake in shares of FMC by 25.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,872 shares of the basic materials company’s stock valued at $543,000 after purchasing an additional 2,645 shares during the last quarter. M&T Bank Corp lifted its stake in shares of FMC by 80.2% in the 1st quarter. M&T Bank Corp now owns 33,202 shares of the basic materials company’s stock valued at $1,401,000 after purchasing an additional 14,778 shares during the last quarter. tru Independence LLC lifted its stake in shares of FMC by 5.1% in the 1st quarter. tru Independence LLC now owns 109,375 shares of the basic materials company’s stock valued at $4,615,000 after purchasing an additional 5,285 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of FMC by 333.2% in the 1st quarter. Cerity Partners LLC now owns 92,667 shares of the basic materials company’s stock valued at $3,910,000 after purchasing an additional 71,276 shares during the last quarter. Finally, Sage Rhino Capital LLC acquired a new stake in shares of FMC in the 1st quarter valued at $270,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

About FMC

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.