Monsanto Company Rating Reiterated by Credit Suisse (MON)
Monsanto Company (NYSE:MON)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Thursday. They currently have a $148.00 target price on the stock, up from their previous target price of $134.00. Credit Suisse’s target price indicates a potential upside of 16.78% from the stock’s previous close.
Shares of Monsanto Company (NYSE:MON) traded down 0.19% during mid-day trading on Thursday, hitting $126.49. 2,108,853 shares of the company’s stock traded hands. Monsanto Company has a one year low of $94.00 and a one year 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 $66.302 billion and a P/E ratio of 25.13. Monsanto Company also saw unusually large options trading on Monday. Stock investors purchased 10,543 call options on the company. This represents an increase of approximately 331% compared to the average volume of 2,448 call options.
Monsanto Company (NYSE:MON) last announced its earnings results on Wednesday, June 25th. The company reported $1.62 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.66 earnings per share. Monsanto Company’s revenue was up .0% 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. 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 analysts have also recently weighed in on MON. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Monsanto Company in a research note on Thursday. They now have a $145.00 price target on the stock, up previously from $130.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Monsanto Company in a research note on Thursday. They now have a $135.00 price target on the stock, up previously from $128.00. Finally, analysts at Monness Crespi & Hardt raised their price target on shares of Monsanto Company from $131.00 to $140.00 in a research note on Thursday. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Monsanto Company currently has an average rating of “Buy” and a consensus price target of $135.75.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
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