Monsanto Company (MON) Given a $128.00 Price Target by Piper Jaffray Companies Analysts
Monsanto Company (NYSE:MON) has been given a $128.00 price target by equities researchers at Piper Jaffray Companies in a note issued to investors on Friday. The firm presently has a “buy” rating on the basic materials company’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 9.82% from the stock’s current price.
A number of other research firms have also recently commented on MON. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Friday, June 16th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target for the company in a research report on Thursday, July 6th. BidaskClub lowered shares of Monsanto from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 price target (up from $120.00) on shares of Monsanto in a research report on Thursday, June 29th. Finally, UBS AG lowered shares of Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $123.15.
Monsanto (NYSE MON) traded down 0.33% during midday trading on Friday, hitting $116.55. The company had a trading volume of 1,012,471 shares. The firm has a market capitalization of $51.20 billion, a P/E ratio of 25.17 and a beta of 1.07. Monsanto has a 52 week low of $97.35 and a 52 week high of $118.97. The firm’s 50 day moving average is $117.47 and its 200-day moving average is $115.08.
Monsanto (NYSE:MON) last released its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.19. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.17 earnings per share. On average, equities research analysts expect that Monsanto will post $4.89 EPS for the current fiscal year.
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In related news, EVP Robert T. Fraley sold 52,410 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $117.95, for a total value of $6,181,759.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Mizell sold 11,300 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the completion of the transaction, the executive vice president now directly owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,470 shares of company stock valued at $8,791,281. 0.79% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Monsanto by 2.6% in the second quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock worth $3,636,697,000 after buying an additional 784,418 shares during the last quarter. BlackRock Inc. increased its position in Monsanto by 6.5% in the second quarter. BlackRock Inc. now owns 27,898,255 shares of the basic materials company’s stock worth $3,302,038,000 after buying an additional 1,705,439 shares during the last quarter. State Street Corp increased its position in Monsanto by 1.2% in the first quarter. State Street Corp now owns 20,153,966 shares of the basic materials company’s stock worth $2,281,433,000 after buying an additional 234,582 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Monsanto by 3.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock worth $1,618,703,000 after buying an additional 499,639 shares during the last quarter. Finally, Northern Trust Corp increased its position in Monsanto by 0.7% in the second quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock worth $839,519,000 after buying an additional 47,725 shares during the last quarter. 75.31% of the stock is owned by institutional investors.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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