FMC (NYSE:FMC – Get Free Report) had its price objective dropped by Royal Bank Of Canada from $14.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 5.87% from the company’s previous close.
Several other analysts also recently commented on the stock. UBS Group increased their target price on shares of FMC from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FMC in a research report on Friday, May 29th. Citigroup decreased their price objective on shares of FMC from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. Wall Street Zen cut shares of FMC from a “hold” rating to a “sell” rating in a research report on Sunday, July 5th. Finally, Mizuho set a $16.00 target price on FMC in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, FMC has a consensus rating of “Reduce” and an average price target of $15.54.
FMC Stock Up 1.3%
FMC (NYSE:FMC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.16. FMC had a positive return on equity of 10.53% and a negative net margin of 72.93%.The firm had revenue of $762.40 million during the quarter, compared to the consensus estimate of $745.42 million. During the same period in the prior year, the business posted $0.18 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. FMC has set its FY 2026 guidance at 1.630-1.890 EPS and its Q2 2026 guidance at 0.160-0.260 EPS. As a group, equities research analysts predict that FMC will post 1.63 EPS for the current fiscal year.
Institutional Trading of FMC
Large investors have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its position in FMC by 67.1% in the second quarter. Handelsbanken Fonder AB now owns 58,000 shares of the basic materials company’s stock worth $667,000 after buying an additional 23,300 shares during the last quarter. Glenmede Trust Co. NA increased its stake in FMC by 14.9% in the 1st quarter. Glenmede Trust Co. NA now owns 12,427 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 1,614 shares during the last quarter. Essential Partners LLC purchased a new stake in shares of FMC in the 1st quarter valued at about $43,000. EverSource Wealth Advisors LLC boosted its position in shares of FMC by 3,714.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,041 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 8,804 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of FMC during the first quarter worth about $1,401,000. 91.86% of the stock is owned by hedge funds and other institutional investors.
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.
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