Monsanto Company Receives Average Recommendation of “Buy” from Analysts (NYSE:MON)
Monsanto Company (NYSE:MON) has earned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the stock, AnalystRatingsNetwork.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $130.83.
Monsanto Company (NYSE:MON) traded up 0.17% on Thursday, hitting $126.95. The stock had a trading volume of 1,745,328 shares. 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 $66.543 billion and a price-to-earnings ratio of 25.13. Monsanto Company also was the recipient of some unusual options trading activity on Monday. Investors bought 10,543 call options on the company. This is an increase of 331% compared to the average volume of 2,448 call options.
Monsanto Company (NYSE:MON) last issued its quarterly earnings data 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. Investors 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 analysts have recently weighed in on MON shares. 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. Separately, 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. Finally, 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.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
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