Monsanto Given New $124.00 Price Target at Canaccord Genuity (MON)
Analysts at Canaccord Genuity lifted their price target on shares of Monsanto (NYSE:MON) from $121.00 to $124.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 17.79% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Monsanto (NYSE:MON) from $116.00 to $120.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Monsanto (NYSE:MON) from a “conviction-buy” rating to a “buy” rating in a research note to investors on Thursday. They now have a $118.00 price target on the stock, down previously from $124.00. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Monsanto (NYSE:MON) to $124.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $110.25.
Monsanto (NYSE:MON) traded up 1.18% during mid-day trading on Thursday, hitting $105.27. 4,502,737 shares of the company’s stock traded hands. Monsanto has a 52-week low of $82.70 and a 52-week high of $109.33. The stock has a 50-day moving average of $101.5 and a 200-day moving average of $102.6. The company has a market cap of $56.120 billion and a price-to-earnings ratio of 22.45.
Monsanto (NYSE:MON) last issued its quarterly earnings data on Wednesday, October 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company posted ($0.44) earnings per share. Monsanto’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Monsanto will post $4.58 earnings per share for the current fiscal year.
Monsanto Company (NYSE:MON), along with its subsidiaries, is a provider of agricultural products for farmers.
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