FMC (NYSE:FMC) Stock Gets Price Target Cut from Morgan Stanley

by · The Cerbat Gem

FMC (NYSE:FMC – Free Report) had its price target decreased by Morgan Stanley from $12.00 to $8.00 in a research note issued to investors on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the basic materials company’s stock.

A number of other research firms also recently weighed in on FMC. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of FMC in a research report on Friday, July 31st. UBS Group lowered their price target on shares of FMC from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Citigroup dropped their price objective on shares of FMC from $12.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. JPMorgan Chase & Co. cut their price objective on shares of FMC from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of FMC from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, FMC has a consensus rating of “Reduce” and a consensus price target of $10.71.

Get Our Latest Analysis on FMC

FMC Price Performance

Shares of FMC stock opened at $6.45 on Monday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -0.20 and a beta of 0.50. The business’s fifty day moving average is $8.83 and its 200 day moving average is $12.33. FMC has a twelve month low of $4.37 and a twelve month high of $18.29. The company has a quick ratio of 1.18, a current ratio of 1.66 and a debt-to-equity ratio of 416.31.

FMC (NYSE:FMC – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The basic materials company reported ($4.41) EPS for the quarter, missing the consensus estimate of $0.08 by ($4.49). The firm had revenue of $105.90 million for the quarter, compared to analysts’ expectations of $487.63 million. FMC had a negative net margin of 151.18% and a negative return on equity of 30.77%. The business’s quarterly revenue was down 80.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. Research analysts expect that FMC will post -3.71 EPS for the current fiscal year.

Institutional Investors Weigh In On FMC

Several hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its holdings in shares of FMC by 3,642.9% during the first quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 1,785 shares in the last quarter. Essential Partners LLC bought a new position in FMC in the 1st quarter worth about $43,000. IFP Advisors Inc boosted its stake in FMC by 99.0% in the 2nd quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 1,356 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in FMC by 1,292.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,411 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 3,166 shares in the last quarter. Finally, Nykredit A S purchased a new stake in FMC during the 2nd quarter valued at about $55,000. 91.86% of the stock is owned by institutional investors.

More FMC News

Here are the key news stories impacting FMC this week:

  • Positive Sentiment: Citigroup raised its price target to $7 from $6 and maintained a neutral rating, signaling a modestly improved valuation view. Read More.
  • Neutral Sentiment: A report revisited Goldman Sachs’ bullish call, noting FMC had lost 61% since the recommendation despite Goldman cutting its target by more than half and retaining a buy stance. This highlights the stock’s steep decline and the risk of relying on analyst targets. Read More.
  • Negative Sentiment: Royal Bank of Canada cut its price target on FMC, adding to downward pressure on analyst expectations. The report did not specify the revised target. Read More.
  • Negative Sentiment: Morgan Stanley also lowered its price target, another bearish signal for investor expectations. The article listing did not provide the new target. Read More.
  • Negative Sentiment: UBS lowered its price target to $6.50 from $10 and kept a neutral rating, substantially reducing its valuation outlook. Read More.
  • Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of FMC investors. The investigation may add legal and reputational uncertainty, though no findings or claims were detailed in the announcement. Read More.

FMC Company Profile

(Get Free Report)

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.

The company’s products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.

FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.

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