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FMC is approaching a nine-year low following a downgrade by UBS, which cites increased risks and diminished upside potential. This shift in outlook has raised concerns among investors, reflecting broader market uncertainties.
UBS has downgraded FMC Corporation to "Neutral" from "Buy," citing increased execution risks due to a strategic shift and declining crop chemical demand. The price target has been slashed by 42% to $38, with concerns over a prolonged EBITDA below $1 billion and weaker free cash flow projected for 2025. The transition to a direct-to-farm sales model in Brazil adds complexity, while ongoing patent debates may impact the stock long-term.
FMC Corporation's shares have been downgraded by UBS from "buy" to "neutral," with a price target cut from USD 66 to USD 38, amid expectations of no market recovery in crop protection products by 2025. RBC Capital Markets also downgraded the stock, citing inventory concerns, while analysts noted mixed sentiments and a significant underperformance compared to sector averages. The current dividend yield stands at 4.46%, which is below the industry average, contributing to a generally poor outlook for the company's stock.
FMC Corporation, a chemical group, specializes in insecticides (58.8% of net sales), herbicides (28.5%), fungicides (7.1%), and other products (5.6%). By the end of 2023, the company operated 21 production sites globally, with net sales distributed across North America (22.1%), Latin America (32.4%), Asia (24.9%), and Europe/Middle East/Africa (20.6%). UBS has reiterated its buy recommendation for the company.
In the third quarter, several institutional investors increased their stakes in FMC Corporation, with Inspire Trust Co. N.A. owning 60,200 shares valued at $3.97 million, and Advisors Asset Management Inc. raising its stake by 27.8%. The company reported a quarterly EPS of $0.69, surpassing estimates, and its stock currently holds a "Hold" rating among analysts, with a consensus price target of $65.69. Recently, UBS Group lowered its price target from $75 to $66, suggesting a potential upside of 33.66%.
In the third quarter, several institutional investors increased their stakes in FMC Corporation, with Inspire Trust Co. N.A. owning 60,200 shares valued at $3,970,000, and Advisors Asset Management Inc. raising its stake by 27.8%. The company reported a quarterly EPS of $0.69, surpassing estimates, and its stock currently holds a "Hold" rating among analysts, with a consensus price target of $65.69. Recently, UBS Group lowered its price target from $75.00 to $66.00, suggesting a potential upside of 33.66%.
FMC Corporation, a chemical group, generates net sales primarily from insecticides (58.8%), herbicides (28.5%), fungicides (7.1%), and other products (5.6%). As of the end of 2023, the company operates 21 production sites globally, with sales distributed across North America (22.1%), Latin America (32.4%), Asia (24.9%), and Europe/Middle East/Africa (20.6%). UBS has issued a Buy rating for the company.
FMC Corporation
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FMC stock approaches nine-year low after UBS downgrade and risk concerns
19:23 07.02.2025
ubs downgrades fmc corporation citing execution risks and declining demand
16:46 07.02.2025
fmc corporation faces downgrades amid uncertain market outlook and strategy changes
16:15 07.02.2025
ubs maintains buy rating for fmc corporation amid strong sales performance
17:30 20.12.2024
institutional investors increase stakes in FMC amid mixed analyst ratings
16:29 20.12.2024
institutional investors increase stakes in FMC amid mixed analyst ratings
16:29 20.12.2024
ubs issues buy rating for fmc corporation chemical group
17:02 12.11.2024
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