Monsanto Company Reaches New 52-Week High at $123.99 (MON)
Monsanto Company (NYSE:MON)’s share price hit a new 52-week high during mid-day trading on Monday , American Banking & Market News reports. The stock traded as high as $123.99 and last traded at $122.46, with a volume of 1,803,277 shares changing hands. The stock had previously closed at $122.08.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray raised their price target on shares of Monsanto Company from $135.00 to $140.00 in a research note on Monday, May 19th. They now have an “overweight” rating on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Monsanto Company in a research note on Friday, May 2nd. They set an “outperform” rating and a $130.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Monsanto Company in a research note on Wednesday, April 23rd. They now have a $128.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Monsanto Company currently has an average rating of “Buy” and an average price target of $128.42.
The stock has a 50-day moving average of $118.8 and a 200-day moving average of $113.5. The company has a market cap of $64.022 billion and a price-to-earnings ratio of 24.21.
Monsanto Company (NYSE:MON) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $3.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.08 by $0.07. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the company posted $2.73 earnings per share. Monsanto Company’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Monsanto Company will post $5.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, July 1st.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
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