Syngenta AG (NYSE:SYT) Receives Consensus Recommendation of “Hold” from Analysts
Syngenta AG (NYSE:SYT) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $91.60.
SYT has been the topic of a number of recent research reports. Zacks Investment Research raised Syngenta AG from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Jefferies Group LLC set a $91.00 price objective on Syngenta AG and gave the company a “hold” rating in a research report on Saturday, March 25th. Finally, BidaskClub downgraded Syngenta AG from a “sell” rating to a “strong sell” rating in a research report on Sunday.
Large investors have recently added to or reduced their stakes in the stock. Mondrian Investment Partners LTD boosted its stake in Syngenta AG by 30.9% in the first quarter. Mondrian Investment Partners LTD now owns 643,293 shares of the basic materials company’s stock worth $56,931,000 after buying an additional 152,000 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in Syngenta AG during the first quarter worth approximately $54,379,000. Marshall Wace North America L.P. acquired a new stake in Syngenta AG during the first quarter worth approximately $54,379,000. Tudor Investment Corp ET AL boosted its stake in Syngenta AG by 1.6% in the first quarter. Tudor Investment Corp ET AL now owns 513,291 shares of the basic materials company’s stock worth $45,426,000 after buying an additional 8,000 shares during the period. Finally, Bank of America Corp DE boosted its stake in Syngenta AG by 32.2% in the first quarter. Bank of America Corp DE now owns 478,491 shares of the basic materials company’s stock worth $42,347,000 after buying an additional 116,662 shares during the period. Institutional investors own 8.65% of the company’s stock.
Syngenta AG (SYT) opened at 92.56 on Monday. The stock has a market cap of $42.68 billion, a price-to-earnings ratio of 36.18 and a beta of 0.97. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61. The firm has a 50-day moving average price of $92.12 and a 200-day moving average price of $87.91.
The firm also recently declared an annual dividend, which was paid on Thursday, July 13th. Shareholders of record on Monday, May 15th were paid a $1.0065 dividend. This represents a yield of 1.08%. The ex-dividend date was Thursday, May 11th.
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About Syngenta AG
Syngenta AG (Syngenta) is an agribusiness company. The Company operates in the crop protection and seeds business, which is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality, and in the lawn and garden business, which provides professional growers and consumers with flowers, turf and landscape, and professional pest management products.
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