FMC (NYSE:FMC) Now Covered by KeyCorp

Analysts at KeyCorp initiated coverage on shares of FMC (NYSE:FMC) in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $16.00 price target on the basic materials company’s stock. KeyCorp’s price objective points to a potential upside of 32.08% from the company’s current price. KeyCorp also issued estimates for FMC’s FY2028 earnings at $2.05 EPS.

Other equities analysts have also recently issued research reports about the company. Seaport Research Partners set a $21.00 target price on FMC in a report on Tuesday, August 4th. Morgan Stanley lowered their price objective on FMC from $15.50 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Barclays upgraded shares of FMC from a “strong sell” rating to a “hold” rating in a report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of FMC in a report on Tuesday, August 4th. Finally, BMO Capital Markets set a $14.00 price target on shares of FMC in a research report on Friday, July 3rd. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.38.

FMC Price Performance

FMC stock opened at $12.11 on Friday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -0.55 and a beta of 0.41. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.99 and a quick ratio of 1.48. The company has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $13.05. FMC has a 1 year low of $9.94 and a 1 year high of $38.68.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $895.14 million. FMC had a negative net margin of 84.83% and a positive return on equity of 11.35%. The company’s revenue was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Research analysts anticipate that FMC will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On FMC

A number of hedge funds have recently made changes to their positions in FMC. California State Teachers Retirement System increased its position in FMC by 1,022.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,861,482 shares of the basic materials company’s stock valued at $21,407,000 after buying an additional 1,695,683 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of FMC during the second quarter valued at $8,498,000. AXQ Capital LP raised its position in shares of FMC by 109.9% in the 2nd quarter. AXQ Capital LP now owns 366,661 shares of the basic materials company’s stock worth $4,217,000 after purchasing an additional 191,945 shares during the last quarter. Wellington Management Group LLP grew its position in FMC by 142.4% during the 2nd quarter. Wellington Management Group LLP now owns 235,089 shares of the basic materials company’s stock valued at $2,704,000 after purchasing an additional 138,098 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in FMC during the 2nd quarter valued at about $1,175,000. 91.86% of the stock is currently owned by institutional investors.

Trending Headlines about FMC

Here are the key news stories impacting FMC this week:

• Positive Sentiment: KeyCorp upgraded FMC to “strong-buy” from “sector weight,” signaling increased confidence in the agricultural-chemicals company’s outlook. KeyCorp analyst S. Tiano also projects fiscal 2028 EPS of $2.05, substantially above the current-year consensus estimate of $1.27, implying expectations for a significant earnings recovery. KeyCorp FMC rating and earnings outlook
• Positive Sentiment: Analysts’ average price target is reported at $14.25, above FMC’s recent level near $12, suggesting potential upside if the company meets projected earnings-recovery targets. FMC also declared its quarterly dividend of $0.08 per share, equivalent to a $0.32 annualized payout and an approximately 2.6% yield. FMC analyst price target and dividend report
• Neutral Sentiment: Corporate controller Nicholas Pfeiffer sold 1,251 shares for approximately $15,988, reducing his holdings by 4.2% to 28,513 shares. The relatively small transaction may attract attention but is not, by itself, a strong signal about FMC’s outlook. FMC insider sale SEC filing
• Negative Sentiment: FMC’s latest quarterly results showed continuing fundamental pressure: revenue fell 17.5% year over year to $841.4 million, below expectations, while EPS declined from $0.69 to $0.26. The company also reported a deeply negative net margin, leaving the earnings-recovery thesis dependent on improved agricultural demand and execution.
• Neutral Sentiment: Reports concerning vulnerabilities in Cisco Secure FMC, a cybersecurity management product, are unrelated to FMC Corporation and should not affect the investment case for FMC shares. Cisco Secure FMC vulnerability report

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.