Monsanto Given New $124.00 Price Target at Goldman Sachs Group Inc. (MON)
Equities research analysts at Goldman Sachs Group Inc. upped their price target on shares of Monsanto (NYSE:MON) to $124.00 in a research note issued to investors on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 20.46% from the stock’s previous close.
Shares of Monsanto (NYSE:MON) traded up 0.01% during mid-day trading on Thursday, hitting $102.95. 1,390,790 shares of the company’s stock traded hands. Monsanto has a one year low of $82.70 and a one year high of $109.33. The stock’s 50-day moving average is $98.20 and its 200-day moving average is $102.. The company has a market cap of $54.884 billion and a price-to-earnings ratio of 22.21.
Monsanto (NYSE:MON) last issued its quarterly earnings data on Wednesday, June 26th. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.59 by $0.07. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts expect that Monsanto will post $4.58 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MON. Analysts at UBS AG upgraded shares of Monsanto (NYSE:MON) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 27th. They now have a $10.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Monsanto (NYSE:MON) in a research note to investors on Thursday, July 11th. Finally, analysts at Macquarie upgraded shares of Monsanto (NYSE:MON) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, July 8th.
Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Monsanto currently has a consensus rating of “Buy” and a consensus target price of $109.97.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Investors of record on Friday, October 4th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, October 2nd. This is an increase from Monsanto’s previous quarterly dividend of $0.38.
In other Monsanto news, EVP Kerry Preete unloaded 5,276 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $99.00, for a total transaction of $522,324.00. Following the completion of the sale, the executive vice president now directly owns 41,394 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Monsanto Company (NYSE:MON), along with its subsidiaries, is a provider of agricultural products for farmers.
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