For Institutions
About
JPMorgan Chase & Co. lowered Deere & Company's price target from $480 to $460, maintaining a "neutral" rating. Other analysts have varied ratings, with an average price target of $522.70. Deere's stock opened at $474.35, with a market cap of $128.23 billion. Recent earnings missed estimates slightly, but revenue increased by 14.1% year-over-year. Insider transactions and hedge fund activities are also noted.
FMC Corporation (NYSE:FMC) is reducing its dividend to $0.08 on January 15, resulting in an annual payment of 2.3% of the current stock price. The company's stock price has dropped by 62% in the last 3 months. Despite not generating a profit or free cash flows, FMC continues to pay dividends. The dividend has declined from $0.66 in 2015 to $0.32 recently. Future earnings per share are expected to rise, but the dividend's sustainability remains uncertain.
FMC Corp. shares fell 1.09% to $13.63 on Thursday, underperforming the market and competitors like Corteva Inc. The stock ended a two-day winning streak and is 76.09% below its 52-week high. Trading volume was 1.3 million below the 50-day average.
Deere & Co. stock fell 1.24% to $475.05 on Thursday, underperforming compared to competitors like Caterpillar Inc. and CNH Industrial N.V., which saw gains. This marks the third consecutive day of losses for Deere & Co., closing 11% below its 52-week high. The broader market indices, S&P 500 and Dow Jones, rose during the session.
FMC Corp. shares rose 4.71% to $13.78 on Wednesday, outperforming the market despite a general decline. This marks the stock's second consecutive day of gains, though it remains 75.82% below its 52-week high. Trading volume was below the 50-day average. Competitor Corteva Inc. saw a smaller increase of 1.45%.
