Syngenta AG (SYT) Raised to Sell at BidaskClub
Syngenta AG (NYSE:SYT) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.
Separately, Zacks Investment Research upgraded shares of Syngenta AG from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Saturday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $95.73.
Shares of Syngenta AG (SYT) traded up 0.15% during midday trading on Friday, hitting $92.22. 45,232 shares of the stock were exchanged. The firm has a market cap of $42.57 billion, a P/E ratio of 40.86 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 stock’s 50 day moving average is $92.36 and its 200 day moving average is $90.15.
Large investors have recently made changes to their positions in the company. 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 valued at $56,931,000 after buying an additional 152,000 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Syngenta AG during the first quarter valued at $54,379,000. Marshall Wace North America L.P. bought a new stake in Syngenta AG during the first quarter valued at $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 valued at $45,426,000 after buying an additional 8,000 shares during the last quarter. 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 valued at $42,347,000 after buying an additional 116,662 shares during the last quarter. Institutional investors and hedge funds own 8.32% of the company’s stock.
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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