Monsanto Company Given Average Rating of “Buy” by Analysts (NYSE:MON)
Monsanto Company (NYSE:MON) has been given an average recommendation of “Buy” by the sixteen analysts that are covering the company, Analyst Ratings News reports. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $128.99.
Shares of Monsanto Company (NYSE:MON) opened at 115.47 on Thursday. Monsanto Company has a one year low of $94.00 and a one year high of $128.79. The stock has a 50-day moving average of $119.8 and a 200-day moving average of $115.1. The company has a market cap of $60.575 billion and a price-to-earnings ratio of 23.15.
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. Analysts expect that Monsanto Company will post $5.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, October 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, October 8th. This is a positive change from Monsanto Company’s previous quarterly dividend of $0.43.
Several analysts have recently commented on the stock. Analysts at BGC Financial downgraded shares of Monsanto Company from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. They now have a $5.85 price target on the stock, down previously from $6.70. Separately, analysts at Berenberg Bank initiated coverage on shares of Monsanto Company in a research note on Wednesday, July 16th. They set a “buy” rating and a $141.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Monsanto Company in a research note on Friday, June 27th. They now have a $146.00 price target on the stock, up previously from $130.00.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
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