Jefferies Group Trims Monsanto Company Target Price to $130.00 (MON)
Jefferies Group cut their price objective on shares of Monsanto Company (NYSE:MON) from $140.00 to $130.00 in a research note issued on Monday. Jefferies Group’s price target indicates a potential upside of 11.47% from the stock’s previous close.
Monsanto Company (NYSE:MON) opened at 116.62 on Monday. Monsanto Company has a 52 week low of $96.28 and a 52 week high of $128.79. The stock has a 50-day moving average of $117.9 and a 200-day moving average of $115.8. The company has a market cap of $61.178 billion and a price-to-earnings ratio of 23.65.
Monsanto Company (NYSE:MON) last announced its 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 $5.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, October 8th. This is a positive change from Monsanto Company’s previous quarterly dividend of $0.43.
Other equities research analysts have also recently issued reports about 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. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $129.06.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
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