FMC Corporation Analysts Set Price Target at $26.46 Amid Market Shifts

FMC Corporation (NYSE:FMC) has received a consensus price target of $26.46 from analysts, who recommend a “Hold” rating for the stock. This assessment comes from sixteen ratings firms currently monitoring the company, according to Marketbeat. The ratings breakdown shows three analysts advising a sell, ten recommending a hold, and three suggesting a buy.

Several analysts have recently revised their outlooks on FMC shares. The Goldman Sachs Group reduced its price target from $43.00 to $19.00, maintaining a “buy” rating in a report released on November 3. Similarly, Mizuho lowered its target from $30.00 to $24.00, assigning an “outperform” rating on December 15. In a contrasting move, Bank of America upgraded FMC from “underperform” to “neutral,” while cutting its target price from $37.00 to $33.00 on October 14. Royal Bank of Canada also adjusted its price goal downwards, from $33.00 to $17.00, while keeping an “outperform” rating.

Institutional Investor Activity

Institutional investors continue to show interest in FMC. Notable transactions include AlphaQuest LLC, which acquired a new position in the first quarter valued at $74,000. Northwestern Mutual Wealth Management Co. increased its holdings by 116.3%, now owning 10,441 shares worth approximately $441,000 after purchasing an additional 5,614 shares. Comerica Bank also expanded its position by 44.7%, now holding 63,689 shares valued at about $2.69 million.

Investors continue to dominate ownership of FMC, with institutional holdings comprising 91.86% of the total stock.

Current Stock Performance and Earnings

As of Monday, shares of FMC opened at $13.86. The company has a market capitalization of $1.73 billion and a price-to-earnings ratio of -3.27. The stock has experienced volatility, with a 52-week low of $12.17 and a high of $57.00.

FMC reported its latest quarterly earnings on October 29, 2023, revealing earnings per share of $0.89, surpassing the consensus estimate of $0.85 by $0.04. The company’s revenue for the quarter amounted to $542.20 million, significantly lower than analyst expectations of $1.08 billion. Compared to the same quarter last year, revenue declined by 49.1%, with the previous year’s EPS at $0.69.

FMC has set its guidance for the upcoming fourth quarter of 2025 at EPS between $1.140 and $1.360, with a full-year estimate ranging from $2.920 to $3.140.

In a related development, FMC announced a quarterly dividend of $0.08 per share, payable on January 15, 2024. Shareholders of record on December 31, 2023 will qualify for this dividend, which represents an annualized total of $0.32 and a yield of 2.3%. Presently, the company’s dividend payout ratio stands at -54.72%.

About FMC Corporation

Founded in 1883 as the Bean Spray Pump Company, FMC Corporation has evolved into a global leader in agricultural sciences. The company specializes in developing, manufacturing, and marketing crop protection products, including herbicides, insecticides, fungicides, and plant nutrition solutions aimed at improving crop yield and sustainability. FMC also provides solutions for turf management and pest control in urban and industrial settings. The company adopted its current name in 1948 and has grown through strategic acquisitions and divestitures over the decades.