Fintel reports that on June 1, 2023, KBC SECURITIES upgraded their outlook for Umicore (EBR:UMI) from Hold to Buy .
Analyst Price Forecast Suggests 25.36% Upside
As of June 1, 2023, the average one-year price target for Umicore is 34.42. The forecasts range from a low of 22.22 to a high of $55.65. The average price target represents an increase of 25.36% from its latest reported closing price of 27.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Umicore is 4,277MM, a decrease of 83.18%. The projected annual non-GAAP EPS is 2.07.
Umicore Maintains 2.91% Dividend Yield
At the most recent price, the company's dividend yield is 2.91%.
Additionally, the company's dividend payout ratio is 0.34. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.For a list of the companies with the highest dividend yield, see Fintel's Dividend Screener.
What is the Fund Sentiment?
There are 241 funds or institutions reporting positions in Umicore. This is an increase of 4 owner(s) or 1.69% in the last quarter. Average portfolio weight of all funds dedicated to UMI is 0.21%, a decrease of 9.50%. Total shares owned by institutions decreased in the last three months by 1.09% to 36,050K shares.
What are Other Shareholders Doing?
VWIGX - Vanguard International Growth Fund Investor Shares holds 14,373K shares representing 5.98% ownership of the company. In it's prior filing, the firm reported owning 14,857K shares, representing a decrease of 3.37%. The firm decreased its portfolio allocation in UMI by 9.81% over the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 2,716K shares representing 1.13% ownership of the company. In it's prior filing, the firm reported owning 2,738K shares, representing a decrease of 0.82%. The firm decreased its portfolio allocation in UMI by 3.09% over the last quarter.
TROSX - T. Rowe Price Overseas Stock Fund holds 2,614K shares representing 1.09% ownership of the company. In it's prior filing, the firm reported owning 2,291K shares, representing an increase of 12.36%. The firm increased its portfolio allocation in UMI by 10.01% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 1,572K shares representing 0.65% ownership of the company. In it's prior filing, the firm reported owning 1,566K shares, representing an increase of 0.36%. The firm decreased its portfolio allocation in UMI by 14.24% over the last quarter.
BGETX - Baillie Gifford EAFE Fund Class 2 holds 1,451K shares representing 0.60% ownership of the company. No change in the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
