Analysts’ Price Target and Recommendations for FMC Corporation
Like Monsanto (MON), FMC Corporation (FMC) is in the business of crop protection products. The majority of FMC’s sales come from its Agricultural Solutions segment.
Analysts’ Recommendations and Price Targets for Monsanto
Analysts’ consensus price target for Monsanto is $122.70 per share over the next 12 months.
April Update for Fertilizer Stocks: Ratings and Price Targets
Fertilizer stocks have failed to impress investors in 2018. The VanEck Vectors Agribusiness ETF (MOO) has returned ~1.4% year-to-date.
Monsanto: Earnings Estimates and Target Price
As of December 25, 2017, Monsanto stock was covered by 18 analysts according to Reuters. The current consensus rating on the stock stood at 2.56.
12-Month Analyst Recommendations and Price Targets for Monsanto
Of the 19 analysts surveyed by Reuters, 11 of them have given Monsanto “strong buy” to “buy” recommendations. Seven have given it “hold” recommendations.
JANA Partners starts a new position in Rackspace Hosting
JANA Partners added a stake in Rackspace Hosting Inc. (RAX). The position accounted for 1.18% of the fund’s total third-quarter portfolio.
Analysts’ Recommendations and Price Target for SQM
Sociedad Química y Minera de Chile (SQM) has yet to announce its earnings, unlike most of the companies we’ve discussed so far in this series.
Filtering Down to Top 4 Agriculture Dividend Stocks in December
In this concluding part of the series, we’ll filter down to the top four dividend stocks in this industry (XLB).
Overview: TPG-Axon Capital Management’s 2Q14 positions
TPG-Axon Capital Management LP is a privately owned $4 billion hedge fund firm. It was founded by Dinakar Singh in February 2005.
IFF’s Higher Debt Might Concern Investors
At the end of the second quarter, International Flavors and Fragrances (IFF) reported a debt of $1.72 billion.
How Is Albemarle’s Dividend Yield Trending?
At the close of market on March 14, Albemarle (ALB), one of the biggest lithium producers, had a dividend yield of ~1.75%.
Albemarle Announced Its Quarterly Dividend
Albemarle has increased its dividend for the 25th consecutive year. As of March 1, Albemarle’s dividend yield was 1.61%.
Praxair to Expand with New Hydrogen Plant in Louisiana
In a press release on February 28, Praxair announced the construction of new hydrogen plant in Louisiana.
DowDuPont: Analysts’ Views after Its Q4 Earnings
DowDuPont’s consensus target price is $67.43, which implies a potential return of 23.3% over the closing price of $54.72 as of February 27.
Praxair Started the New Syngas Plant in Geismar
On February 18, Praxair, the wholly owned subsidiary of Linde (LIN), announced that it completed the Syngas plant in Geismar, Louisiana.
Praxair to Double the Neosho Plant’s Capacity
Linde stock rose 4.5% and closed at $168.54. The stock traded 5.2% above the 100-day moving average price of $160.21.
Analyzing Deere’s Expected First-Quarter Revenues
Deere (DE) is expected to report revenues of $6.82 billion in the first quarter from its equipment operations.
Albemarle: Citibank Downgraded It to ‘Neutral’
On February 5, Citibank downgraded Albemarle (ALB) from “buy” to “neutral” and reduced the target price to $81.
Why PPG’s Industrial Coatings’ Q4 Revenue Fell
PPG Industries’ (PPG) Industrial Coatings segment is the company’s second reporting segment.
H.B. Fuller Announced Its Fourth-Quarter Earnings
On January 16, H.B. Fuller (FUL) announced its fourth-quarter earnings. In the fourth quarter, the company reported an adjusted EPS of $0.79.
PPG’s Performance Coatings’ Q4 Revenue Grows, Margin Remains Flat
PPG Industries’ Performance Coatings segment reported revenue of $2.14 billion in the fourth quarter, flat year-over-year.
Praxair Surface Technologies Won an Award
On December 20, Praxair announced that its subsidiary Praxair Surface Technologies won Pratt & Whitney’s 2018 Supplier Sustainability Award.
Tronox Seeks Permission to Present Its Divestiture Plans
On December 4, Tronox (TROX) announced that it filed a motion seeking permission to present the proposed divestitures to the FTC.
Albemarle: What Institutional Activities Suggest
The 13F filings on September 30 indicate that institutional investors own ~93.4% of Albemarle’s (ALB) outstanding shares.
Albemarle’s Dividend Yield Has Risen in 2018
At the close on November 29, Albemarle (ALB), one of the biggest lithium producers, had a dividend yield of 1.38%.
Linde Will Supply Long-Term Industrial Gases to NLMK
The volatile environment in the stock market caused Linde stock to fall 1.2%. The stock closed at $156.19 for the week ending November 23.
Deere’s Q4 2018 Revenues Maintained the Upward Trajectory
In the fourth quarter, Deere (DE) reported total revenues of $9.42 billion, which included financial services and other revenues.
Can Deere’s Adjusted EPS Beat Wall Street Estimates This Time?
Deere (DE) is expected to post adjusted EPS of $2.45 for the fourth quarter, an increase of 56% on a YoY basis.
Deere’s Q4 2018 Is on Track to Be Best Q4 in Five Years
Deere (DE) is expected to report Q4 revenues of $8.57 billion from its equipment operations.
APD’s Industrial Gases–EMEA Segment: Lowest Margin in Two Years
In the fourth quarter, the Industrial Gases–EMEA segment’s total revenue contribution expanded by 0.7 percentage points YoY.
How DowDuPont’s Agriculture Segment Performed in Q3
DowDuPont’s (DWDP) Agriculture segment accounted for 9.7% of DWDP’s Q3 2018 revenues compared to 10.5% in Q3 2017 on a pro forma basis.
IFF: How Much Upside Do Analysts See?
For International Flavors and Fragrances, 42% of the analysts recommended a “buy,” 42% recommended a “hold,” and 16% recommended a “sell.”
How PPG’s Industrial Coatings Segment Performed in Q3 2018
PPG Industries’ (PPG) Industrial Coatings segment represented 40% of PPG’s total revenue in Q3 2018.
Why PPG’s Performance Coatings Segment Margins Declined
PPG Industries’ (PPG) Performance Coatings segment is the most significant contributor to the company’s overall revenue in Q3 2018.
Are Institutional Investors Buying or Selling Deere?
The 13F filings of June 30 indicate that institutional investors own ~67.1% of Deere’s (DE) outstanding shares.
Albemarle’s Latest Dividend for Q3 2018
Albemarle (ALB) has announced the key dates for its Q3 2018 dividend.
Albemarle’s Dividend Yield Up 40% YOY. Will Investors Buy?
As of August 30, Albemarle (ALB), known for lithium, has a dividend yield of 1.4%.
Tronox’s Quarterly Dividend and Stock Price Update
On August 15, Tronox (TROX) announced its latest quarterly dividend of $0.045 per share. Tronox set the record date as August 27.
What to Expect from Deere’s Adjusted Earnings
Deere (DE) is expected to post an adjusted EPS of $2.75 for the third fiscal quarter—an increase of 44% on a YoY (year-over-year) basis.
Albemarle’s Revenue Continued to Rise despite Divestiture in Q2
Albemarle’s (ALB) revenue continued its upward trend for the second quarter. It reported revenue of $853.9 million for Q2 2018, reflecting an increase of 15.8% over Q2 2017.
Albemarle Stock Rose 6.4% on Better-than-Expected Q2 Earnings
Albemarle announced its second-quarter earnings on August 7 after the markets closed.
What Drove Albemarle’s Better-than-Expected Q2 Earnings?
Albemarle (ALB) reported its Q2 2018 earnings after the market closed on August 7. It reported revenue of $853.9 million for Q2 2018, reflecting growth of 15.8% over Q2 2017.
Why DWDP’s Materials Science Segment EBITDA Margin Expanded in Q2
DowDuPont’s (DWDP) Material Science segment, which will be spun off and called Dow by the end of Q1 2019, accounted for 51.9% of DWDP’s total revenues in Q2 2018.
How Praxair’s Surface Technologies Segment Performed in Q2
Praxair’s (PX) Surface Technologies segment was its smallest revenue contributor in Q2 2018.
How APD’s Industrial Gases–EMEA Segment Performed in Fiscal Q3
In fiscal Q3 2018, Air Products and Chemicals’ (APD) Industrial Gases–EMEA segment’s total revenue contribution expanded 3.5 percentage points YoY to 24.8% from 21.3%.
Can DowDuPont Beat Analysts’ Adjusted EPS Estimates in Q2 2018?
DowDuPont (DWDP) is expected to post adjusted EPS of $1.30 in the second quarter.
Why PPG’s Industrial Coatings Segment Margin Declined in Q2
PPG Industries’ (PPG) Industrial Coatings segment represented 39.5% of the company’s total revenue in Q2 2018 compared to 39.6% in Q2 2017.
Is Eastman Chemical Overvalued or Undervalued Compared to Peers?
As of June 12, Eastman Chemical (EMN) was trading at a one-year forward PE multiple of 12.3x.
Deere: Strong Adjusted Earnings Are Expected in Q2
Deere (DE) is expected to post an adjusted EPS (earnings per share) of $3.31 for the second fiscal quarter—an increase of 32.9% on a YoY basis.
Analyst Upgrades for FMC in May 2018
The current consensus mean rating for FMC in May stood at 2.0.
Albemarle Reports Double-Digit Earnings and Revenue Growth
Albemarle reported strong 1Q18 earnings on May 9. The company reported an adjusted EPS of $1.30—an increase of 23.8% on a YoY basis.
DWDP’s Material Science Segment: Higher Revenue Growth in 1Q18
DowDuPont’s (DWDP) Material Science segment, which is expected to be spun off into a new company by the end of 1Q19, accounted for 55.9% of its total revenues.
Can 1Q18 Earnings Help LyondellBasell Retain Premium over Peers?
As of April 20, 2018, LyondellBasell’s one-year forward PE (price-to-earnings ratio) stands at 10.2x.
Tronox Plans to Raise $615 Million through Senior Notes
On March 27, 2018, Tronox (TROX) announced that it completed the pricing of $615 million in senior notes with a coupon rate of 6.5%.
Tronox to Exit Non-Core Business, Sells Electrolytic Operations
Tronox’s stock price declined 6.2% and closed at $18.23. As a result, the stock traded 15.7% lower than the 100-day moving average price of $21.62.
FMC’s Ratings and Target Price for March 2018
The current consensus mean rating on FMC stands at 2.18 with an overall “buy” recommendation on the stock.
What Do Analysts Expect for SQM in March?
The current consensus mean rating on SQM stands at 2.42 with an overall “buy” recommendation on the stock. The rating rose from 2.3 last month.
Albemarle Gets a Higher Lithium Quota in Chile
On March 9, 2018, Albemarle (ALB) announced that Chile’s Economic Development Agency increased the company’s lithium quota.
Tronox Extends Acquisition Agreement with Cristal
On March 1, 2018, Tronox (TROX) announced that it agreed to extend the deadline related to the acquisition of Cristal’s titanium dioxide business.
Albemarle’s Lithium and Advanced Materials Segment in 4Q17
Albemarle’s (ALB) Lithium and Advanced Materials segment is its largest revenue contributor, accounting for 42.2% of its total revenues in 4Q17.
Albemarle’s 4Q17 Adjusted Earnings Beat Estimate, Stock Rose
Albemarle (ALB) announced its 4Q17 earnings on February 27, 2018. Its adjusted EPS rose 71.8% on a YoY basis.
Albemarle Increases Its Cash Dividend 24 Years in a Row
On February 23, 2018, Albemarle (ALB) announced its 1Q18 dividend of $0.335 per share. This represents an ~4.7% year-over-year increase.
Why Albemarle’s Short Interest Increased After Its 3Q17 Release
Albemarle’s short interest As of January 31, 2018, Albemarle’s (ALB) short interest had increased in a big way since its 3Q17 earnings announcement on November 8, 2017, which indicates bearishness. Between November 8 and January 31, ALB’s short interest as a percentage of outstanding shares rose to 8.2% from 5.4%, and its stock price fell from $111.59 to […]
Reviewing Albemarle’s Stock Performance since 3Q17
Albemarle (ALB) is set to announce its 4Q17 results after the market closes on February 27, 2018.
Deere’s Fiscal 1Q18 Revenue Rises but Falls Short of Estimates
In fiscal 1Q18, Deere & Company (DE) reported total revenue of $6.9 billion inclusive of financial services and other revenue.
Deere’s Fiscal 1Q18 Revenues Set for a Big Jump
Deere (DE) is expected to report revenues of $6.4 billion in fiscal 1Q18 from its equipment operations.
W.R. Grace Declares a 14.3% Raise in Its Cash Dividends
In 2018, W.R. Grace (GRA) expects to pay a cash dividend of $0.96 per share, an increase of 14.3% over 2017.
GRA to Provide Unipol Process Technology License to Grupa Azoty
GRA stock price gained 1.1% and closed at $74.52 for the week ended January 26, 2018.
Tronox Gives Updates on Cristal Acquisition
Tronox has filed a lawsuit in the United States District Court asking declaratory and injunctive relief to ensure that FTC doesn’t block the acquisition.
Analysts’ Views on FMC in January 2018
Twenty-two Wall Street analysts are covering FMC. They have a consensus mean rating of 2.3 on the stock with an overall “buy” recommendation as of January 10, 2018.
PolyOne Begins 2018 with Acquisition of IQAP Masterbatch Group
On January 2, 2018, PolyOne (POL) announced that it acquired Spain-based IQAP Masterbatch Group.
Albemarle Strengthens Its Leverage Position
At the end of 3Q17, Albemarle (ALB) reported debt of ~$1.8 billion, its lowest point since 2014.
Analysts’ Estimates for Agribusiness Companies’ Earnings in 2018
Earnings per share Earlier, we discussed major agribusiness companies’ earnings, which have mostly fallen over the years. In 2018, their earnings are expected to rise. Next-12-month earnings As shown in the above chart, agribusiness companies’ NTM (next-12-month) EPS (earnings per share) are expected to improve year-over-year. FMC’s (FMC) EPS are expected rise 90% to $4.70, Agrium’s […]
What Investors Are Paying for Agribusiness Stocks: Part 2
The remaining companies In this part, we’ll compare the five remaining agribusiness companies’ valuation, again using forward EV-to-EBITDA (enterprise value-to-earnings before interest, tax, depreciation, and amortization) multiples. Valuation multiples As shown in the above chart, the remaining companies’ valuation multiples have risen in the last two years. At 18.3x, FMC (FMC) was trading at a premium to the peer […]
Analysts’ Estimates for Monsanto’s Margin Expansion
For 1Q18, Wall Street analysts estimate a gross income of $1.3 billion. On net sales of $2.8 billion, it will translate into a gross margin of 48%.
Westlake Announces Optional Redemption of Senior Notes
On December 18, 2017, Westlake Chemical (WLK) announced that it had sent notices about the optional redemption of $688 million in senior notes.
Albemarle Launches New Granite Technology
On December 19, 2017, Albemarle (ALB) announced the launch of its new Granite technology.
What Could Boost RPM International’s Fiscal 2Q18 Revenue
Analysts’ revenue expectations As of December 20, 2017, analysts expected RPM International (RPM) to report revenue of $1.3 billion in fiscal 2Q18. The expected revenue represents growth of 6.7% year-over-year. In fiscal 2Q17, RPM reported revenue of $1.2 billion. Between 2012 and 2017, RPM’s second-quarter revenue grew at a CAGR (compound annual growth rate) of […]
Digging Deeper into Agriculture Stocks’ Dividend Yields: Part 2
In this part of the series, we’ll look at the dividend yield trends for PotashCorp (POT), Monsanto (MON), Mosaic (MOS), and FMC (FMC).
The Agriculture Industry: Our Top 4 Dividend Stocks
Among the companies that operate within the agriculture sector, FMC (FMC) has outperformed its peers with a total one-year return of 53.2% as of December 11, 2017.
H.B. Fuller Opens a New Facility in Germany
On November 28, 2017, H.B. Fuller (FUL) announced that it has started a new Automotive Competency Center in Mannheim, Germany.
Deere Reports Strong Fiscal 4Q17 Earnings
Deere’s stock skyrocketed during the week ended November 24, 2017.
Deere’s Fiscal 4Q17 Revenue Rises Thanks to Higher Volumes
Deere’s fiscal 4Q17 revenue In fiscal 4Q17, Deere (DE) saw total revenue of $8.0 billion, inclusive of financial services and other revenue, implying a 23.0% rise from 4Q16, when it had revenue of $6.5 billion. Excluding financial services and other revenue, DE’s net sales for 4Q17 were $7.1 billion, compared with $5.7 billion in fiscal 4Q16, a 25.5% rise year-over-year. […]
FMC: Analysts’ Ratings and Upgrades in November 2017
FMC (FMC) reported its earnings on November 6, 2017. It reported an EPS (earnings per share) of $0.7, which beat analysts’ estimate of $0.63 per share.
Huntsman to Pay 4Q17 Dividend in December
On November 6, HUN announced that it will pay a dividend of $0.125 per share on December 29, which implies no change in its dividend rate over 4Q16.
H.B. Fuller Finalizes Its Adecol Deal
On November 6, 2017, H.B. Fuller (FUL) provided its acquisition plans for Adecol Indústria Química, a Brazilian company.
Why Albemarle’s Lithium and Advanced Materials Grew at Rapid Pace
Albemarle’s (ALB) Lithium and Advanced Materials segment is its largest revenue contributor, accounting for 45.5% of total revenues in 3Q17 compared to 36.8% in 3Q16.
October Update: What Analysts Think about FMC
FMC (FMC) stock has risen 6.0% over the past month. The stock has significantly outperformed the benchmarks (SPY) (MOO) YTD with a 68.0% rise.
Agribusiness Stocks: Analyst Ratings, Price Targets in October
We’re nearing the end of the year, and most agribusiness stocks have underperformed the benchmark indexes.
H.B. Fuller Inducts Ruth Kimmelshue to Its Board of Directors
On October 4, 2017, H.B. Fuller (FUL) announced that Ruth Kimmelshue had been appointed to the company’s board of directors, effective immediately.
Weighing Trump’s Tax Rates against Agribusiness Rates
The Trump administration’s latest tax plan was announced on September 27 and has drawn criticism as well as support.
Monsanto’s 4Q17 Gross Margins by Segment
The Seed and Genomics segment’s gross margins expanded from 34.0% in 4Q16 to 41.4% in 4Q17.
Can RPM International Outperform the Analysts’ Revenue Estimate for Fiscal 1Q18?
As of September 25, 2017, analysts have forecasted that RPM will report revenues of $1.32 billion for fiscal 1Q18, which would be a 5.5% rise over fiscal 1Q17.
Eastman Chemical Hikes Prices of Amines
On September 20, 2017, Eastman Chemical (EMN) announced that it is hiking its prices for amines, which will impact North America and Latin America.
Celanese Continues to Hike Its Product Prices
On September 14, 2017, Celanese (CE) announced that it’s increasing the prices for several of its products across different regions.
Tronox Will Raise $450 Million through Senior Notes
On September 14, 2017, Tronox (TROX) announced that it will raise $450 million through senior notes. The notes will mature in 2025.
Albemarle’s New Technology Increased Lithium Production in Chile
On September 15, Albemarle announced that it developed a new technology. The technology could help the company increase its lithium production in Chile.
Chemours: Analyzing Its 3Q17 Dividend
On September 15, 2017, Chemours (CC) will pay the 3Q17 dividend on its outstanding common shares. It has declared a cash dividend of $0.03 per share.
Celanese: Another Round of Price Hikes on Some Products
Celanese’s stock price fell 1.3% and closed at $96.78 for the week ending September 8, 2017. It traded 4.40% above the 100-day moving average price.
H.B. Fuller to Acquire Royal Adhesives and Sealants
On September 4, 2017, H.B. Fuller (FUL) announced that it has entered into an agreement to acquire Royal Adhesives and Sealants.