There's one dividend stock that Morningstar says is "deeply undervalued" right now and which it's bullish on for the long term.
"Yet we're bullish on this undervalued stock for the long term.
Goldstein noted that FMC's products lean toward insecticides, which generate over half of its revenue.
According to FactSet, FMC has an indicated annual dividend yield of 4% for 2024.
"FMC stock looks deeply undervalued, trading at half of what we think it's worth," Goldstein added.
Persons:
Morningstar, Seth Goldstein, Goldstein, Morningstar's, Dave Sekera
Organizations:
Morningstar, FMC
Locations:
FactSet