Equities researchers at KeyCorp started coverage on shares of FMC (NYSE:FMC – Get Free Report) in a research note issued on Friday, MarketBeat.com 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 stock’s previous close. KeyCorp also issued estimates for FMC’s FY2028 earnings at $2.05 EPS.
Other equities analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of FMC in a research report on Wednesday, August 26th. Seaport Research Partners set a $21.00 price target on shares of FMC in a research note on Tuesday, August 4th. Zacks Research lowered shares of FMC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Mizuho set a $16.00 price target on FMC in a report on Tuesday, July 14th. Finally, BMO Capital Markets set a $14.00 target price on FMC in a research note on Friday, July 3rd. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.38.
Get Our Latest Stock Report on FMC
FMC Price Performance
FMC (NYSE:FMC – Get Free Report) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. FMC had a negative net margin of 84.83% and a positive return on equity of 11.35%. The company had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $895.14 million. During the same period last year, the company posted $0.69 earnings per share. FMC’s quarterly revenue was down 17.5% on a year-over-year basis. Equities research analysts anticipate that FMC will post 1.27 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in FMC by 1,022.7% during the second quarter. California State Teachers Retirement System now owns 1,861,482 shares of the basic materials company’s stock worth $21,407,000 after buying an additional 1,695,683 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of FMC during the second quarter worth about $8,498,000. AXQ Capital LP lifted its position in shares of FMC by 109.9% in the second quarter. AXQ Capital LP now owns 366,661 shares of the basic materials company’s stock valued at $4,217,000 after acquiring an additional 191,945 shares in the last quarter. Wellington Management Group LLP raised its stake in FMC by 142.4% in 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 acquired a new position in shares of FMC during the 2nd quarter valued at about $1,175,000. 91.86% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting 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.
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