Syngenta AG (NYSE:SYT) Receives Consensus Rating of “Buy” from Brokerages
Syngenta AG (NYSE:SYT) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $92.20.
A number of research analysts have recently weighed in on SYT shares. Deutsche Bank AG restated a “buy” rating on shares of Syngenta AG in a research report on Tuesday, August 23rd. Zacks Investment Research upgraded Syngenta AG from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Sanford C. Bernstein cut Syngenta AG from an “outperform” rating to a “market perform” rating and raised their price target for the company from $90.20 to $92.20 in a research report on Tuesday, September 6th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. upgraded Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research report on Friday, July 15th.
A number of hedge funds have recently bought and sold shares of the company. Capital World Investors boosted its stake in Syngenta AG by 849.1% in the second quarter. Capital World Investors now owns 4,800,000 shares of the company’s stock worth $368,592,000 after buying an additional 4,294,254 shares in the last quarter. Cowen Group Inc. bought a new stake in Syngenta AG during the second quarter worth approximately $123,375,000. Jet Capital Investors L P raised its stake in shares of Syngenta AG by 296.3% in the second quarter. Jet Capital Investors L P now owns 1,724,118 shares of the company’s stock worth $130,516,000 after buying an additional 1,289,065 shares during the last quarter. Carlson Capital L P acquired a new stake in shares of Syngenta AG during the second quarter worth about $36,433,000. Finally, Renaissance Technologies LLC raised its stake in shares of Syngenta AG by 1,786.4% in the first quarter. Renaissance Technologies LLC now owns 416,900 shares of the company’s stock worth $34,528,000 after buying an additional 394,800 shares during the last quarter. Hedge funds and other institutional investors own 7.22% of the company’s stock.
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Syngenta AG (NYSE:SYT) traded down 0.35% on Tuesday, reaching $87.20. 483,600 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $83.92 and a 200-day moving average price of $81.35. Syngenta AG has a 1-year low of $61.61 and a 1-year high of $89.13. The company has a market capitalization of $40.07 billion, a PE ratio of 33.97 and a beta of 1.28.
Syngenta AG Company Profile
Syngenta AG is an agribusiness operating in the crop protection and seeds business. The Company is engaged in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality. The Company operates through five segments: the four geographic regions, Europe, Africa and Middle East, North America, Latin America and Asia Pacific, consisting of the integrated Crop Protection and Seeds business, and the global Lawn and Garden business.
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