Keybanc Initiates Coverage of FMC at Overweight
Fintel reports that on September 11, 2026, Keybanc initiated coverage of FMC (NYSE:FMC) with a Overweight recommendation. This rating action follows a prior action by Keybanc on October 31, 2025, when the firm downgraded the stock from Overweight to Sector Weight. FMC Corporation, based in the United States, is a major player in the global agricultural chemicals industry, focusing primarily on the development, manufacture, and sale of crop protection chemicals and plant health solutions.
On September 10, 2026, the day before the coverage initiation, the stock's pre-action close was recorded at $12.08, which also represents the latest close price as of September 10, 2026. This price reflects a price change of -6.93% over the prior week, relative to a baseline close of $12.98 on September 3, 2026. Over a one-month timeframe, the stock experienced a price change of +15.49% from a baseline close of $10.46 on August 10, 2026.
Separately from Keybanc's individual rating, the broader analyst consensus target data shows a current mean target of $18.78 and a median target of $12.75 as of August 28, 2026. This current mean target implies a change of +55.49% from the stock's pricing. The current mean target represents a revision of -5.64% from the prior consensus target mean of $19.90 recorded on August 5, 2026. In terms of aggregate recommendations, as of the September 1, 2026 period, the consensus consisted of 2 Strong Buy, 5 Buy, 12 Hold, 2 Sell, and 0 Strong Sell ratings, totaling 21 recommendations. This breakdown reflects 33.3% positive, 57.1% hold, and 9.5% negative recommendations. In the prior period ending August 1, 2026, the total recommendation count was 20, consisting of 2 Strong Buy, 5 Buy, 11 Hold, 2 Sell, and 0 Strong Sell ratings, representing 35.0% positive, 55.0% hold, and 10.0% negative recommendations.
FMC reported its latest earnings on July 29, 2026, posting an actual EPS of 0.26, which exceeded the estimated EPS of 0.2256, representing a surprise of +15.25%. The actual revenue for the quarter was reported at $867,100,000,000,000.00, compared to an estimated revenue of $914,222,982,000,000.00. According to the company's EX-99.1 filing dated July 29, 2026, FMC reported second quarter 2026 revenue of $867 million, which was down 17 percent versus the second quarter of 2025. The filing also noted that revenue excluding India was $841 million, down 20 percent compared to the second quarter of 2025, and organic revenue for the period declined 22 percent.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 11, 2026 | Keybanc | Overweight | initiated coverage |
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