Wells Fargo & Company Initiates Coverage on FMC (NYSE:FMC)

Wells Fargo & Company assumed coverage on shares of FMC (NYSE:FMC) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage set an “equal weight” rating and a $16.00 price target on the basic materials company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 15.40% from the company’s current price.

FMC has been the topic of several other reports. Weiss Ratings restated a “sell (d+)” rating on shares of FMC in a report on Wednesday, October 8th. The Goldman Sachs Group cut their target price on FMC from $43.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Morgan Stanley dropped their price objective on shares of FMC from $38.00 to $17.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. Zacks Research cut shares of FMC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Finally, Mizuho dropped their price target on shares of FMC from $49.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 9th. Three investment 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. Based on data from MarketBeat.com, FMC presently has an average rating of “Hold” and an average price target of $29.75.

FMC Trading Down 0.3%

Shares of FMC stock opened at $13.87 on Tuesday. FMC has a fifty-two week low of $12.87 and a fifty-two week high of $61.26. 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 stock’s fifty day moving average is $29.27 and its two-hundred day moving average is $36.45. The firm has a market capitalization of $1.73 billion, a P/E ratio of 17.33, a PEG ratio of 1.09 and a beta of 0.72.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The business had revenue of $542.20 million during the quarter, compared to analysts’ expectations of $1.08 billion. FMC had a net margin of 2.42% and a return on equity of 9.36%. The company’s quarterly revenue was down 49.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Research analysts expect that FMC will post 3.48 earnings per share for the current fiscal year.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 3,790 shares of the business’s stock in a transaction that occurred 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 sale, the vice president directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Financial Harvest LLC acquired a new stake in shares of FMC in the first quarter valued at $29,000. Elequin Capital LP acquired a new position in FMC in the 1st quarter valued at about $30,000. Creative Financial Designs Inc. ADV increased its stake in FMC by 180.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 524 shares during the period. AlphaQuest LLC acquired a new stake in shares of FMC during the first quarter worth about $74,000. Finally, Brooklyn Investment Group boosted its stake in shares of FMC by 403.1% in the first quarter. Brooklyn Investment Group now owns 2,465 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 1,975 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

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.