Citigroup Inc. Initiates Coverage on Sigma-Aldrich (SIAL)
Research analysts at Citigroup Inc. began coverage on shares of Sigma-Aldrich (NASDAQ:SIAL) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on SIAL. Analysts at KeyCorp reiterated a “buy” rating on shares of Sigma-Aldrich in a research note on Wednesday. They now have a $112.00 price target on the stock, up previously from $108.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sigma-Aldrich in a research note on Friday, May 9th. They now have a $102.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Sigma-Aldrich in a research note on Friday, April 25th. They now have a $95.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $89.63.
Shares of Sigma-Aldrich (NASDAQ:SIAL) opened at 102.93 on Thursday. Sigma-Aldrich has a 52-week low of $81.86 and a 52-week high of $103.09. The stock has a 50-day moving average of $100.6 and a 200-day moving average of $95.81. The company has a market cap of $12.232 billion and a price-to-earnings ratio of 24.87.
Sigma-Aldrich (NASDAQ:SIAL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.03. The company had revenue of $689.00 million for the quarter, compared to the consensus estimate of $690.60 million. During the same quarter last year, the company posted $1.03 earnings per share. Sigma-Aldrich’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Sigma-Aldrich will post $4.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, August 27th.
Sigma-Aldrich Corporation is a life science and high technology company. The Company develops, manufactures, purchases and distributes the range of chemicals, biochemicals and equipment available globally and also provides global biopharmaceutical testing services.
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