FMC (NYSE:FMC) Given New $49.00 Price Target at KeyCorp

FMC (NYSE:FMC - Get Free Report) had its price objective dropped by equities researchers at KeyCorp from $51.00 to $49.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. KeyCorp's price target suggests a potential upside of 29.66% from the stock's current price. KeyCorp also issued estimates for FMC's Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.51 EPS, FY2025 earnings at $3.23 EPS, FY2026 earnings at $4.16 EPS and FY2027 earnings at $5.05 EPS.

FMC has been the subject of several other reports. Mizuho decreased their target price on shares of FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Vertical Research raised FMC to a "hold" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group began coverage on FMC in a report on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective on the stock. Bank of America reaffirmed an "underperform" rating and set a $48.00 target price (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company reissued a "cautious" rating on shares of FMC in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $50.31.

FMC Stock Up 1.4 %

FMC stock traded up $0.53 during midday trading on Monday, hitting $37.79. 1,140,476 shares of the company's stock were exchanged, compared to its average volume of 2,034,418. The firm has a 50 day moving average price of $38.95 and a 200-day moving average price of $50.08. FMC has a 12-month low of $32.83 and a 12-month high of $68.72. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. On average, analysts anticipate that FMC will post 3.48 EPS for the current year.

Insider Activity at FMC

In related news, Director Carol Anthony Davidson acquired 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at $223,980. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ronaldo Pereira bought 5,600 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On FMC

A number of hedge funds have recently modified their holdings of FMC. Vanguard Group Inc. increased its holdings in FMC by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock worth $743,338,000 after purchasing an additional 180,766 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of FMC by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock worth $212,714,000 after acquiring an additional 321,241 shares during the last quarter. Invesco Ltd. raised its position in shares of FMC by 37.8% in the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after purchasing an additional 977,110 shares during the period. Geode Capital Management LLC lifted its position in FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock worth $145,452,000 after acquiring an additional 54,017 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in FMC by 44.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock valued at $111,131,000 after purchasing an additional 707,727 shares during the period. Institutional investors and hedge funds own 91.86% of the company's stock.

About FMC

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.