Monsanto Company’s “Outperform” Rating Reaffirmed at Morgan Stanley (MON)
Monsanto Company (NYSE:MON)‘s stock had its “outperform” rating restated by research analysts at Morgan Stanley in a report released on Monday. They currently have a $141.00 price objective on the stock, down from their previous price objective of $148.00. Morgan Stanley’s price objective would indicate a potential upside of 20.91% from the stock’s previous close.
The analysts wrote, “Based on revised ‘soft guidance’ of earnings growth below the standard 15% to 20% range, we are revising our FY15 EPS estimate to $5.90. The primary reason for our downward revision results from decreasing volume estimates within the corn S&G segment in addition to a slight decline in the ag productivity segment. We are implementing a FY16 EPS estimate of $7.20. Our price target goes to $141, which is 20x our normalized FY18 EPS of $8.40, discounted back.”
Monsanto Company (NYSE:MON) traded up 0.36% during mid-day trading on Monday, hitting $117.04. 362,165 shares of the company’s stock traded hands. Monsanto Company has a one year low of $96.28 and a one year high of $128.79. The stock’s 50-day moving average is $117.9 and its 200-day moving average is $115.8. The company has a market cap of $61.398 billion and a price-to-earnings ratio of 23.44.
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 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.
MON has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Monsanto Company from $140.00 to $130.00 in a research note on Monday. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $129.80.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
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