Monsanto Company Price Target Raised to $140.00 at Monness Crespi & Hardt (MON)
Equities researchers at Monness Crespi & Hardt upped their price objective on shares of Monsanto Company (NYSE:MON) from $131.00 to $140.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s target price would suggest a potential upside of 10.47% from the stock’s previous close.
Shares of Monsanto Company (NYSE:MON) opened at 127.33 on Thursday. Monsanto Company has a 52-week low of $94.00 and a 52-week high of $128.79. The stock’s 50-day moving average is $119.6 and its 200-day moving average is $113.8. The company has a market cap of $66.743 billion and a price-to-earnings ratio of 25.13. Monsanto Company also was the recipient of unusually large options trading on Monday. Stock investors acquired 10,543 call options on the stock. This is an increase of 331% compared to the typical volume of 2,448 call options.
Monsanto Company (NYSE:MON) last posted its quarterly earnings results on Wednesday, June 25th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. 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 previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts predict that Monsanto Company will post $5.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Stockholders 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 1.36%. The ex-dividend date of this dividend is Tuesday, July 1st.
A number of other firms have also recently commented on MON. Analysts at Canaccord Genuity raised their price target on shares of Monsanto Company from $135.00 to $155.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Monsanto Company has a consensus rating of “Buy” and an average price target of $130.83.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.