Monsanto Company (MON) Upgraded to Hold by BidaskClub
Monsanto Company (NYSE:MON) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.
Several other analysts also recently weighed in on MON. UBS AG downgraded Monsanto from a “positive” rating to a “neutral” rating in a report on Tuesday, June 27th. Piper Jaffray Companies set a $128.00 price objective on Monsanto and gave the company a “buy” rating in a report on Friday, August 11th. Jefferies Group LLC downgraded Monsanto from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a report on Wednesday, August 2nd. Finally, Barclays PLC lifted their price objective on Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Monsanto presently has a consensus rating of “Hold” and an average target price of $123.15.
Monsanto (NYSE:MON) traded down 0.20% during midday trading on Friday, reaching $116.87. 2,081,472 shares of the company were exchanged. Monsanto has a 52 week low of $97.35 and a 52 week high of $118.97. The company has a 50-day moving average of $117.38 and a 200 day moving average of $115.36. The firm has a market capitalization of $51.34 billion, a PE ratio of 25.24 and a beta of 1.07.
Monsanto (NYSE:MON) last released its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.17 earnings per share. Equities analysts predict that Monsanto will post $4.89 earnings per share for the current year.
In other news, SVP Janet M. Holloway sold 7,423 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total transaction of $875,914.00. Following the sale, the senior vice president now owns 33,645 shares in the company, valued at $3,970,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert T. Fraley sold 52,410 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. Insiders have sold 74,470 shares of company stock worth $8,791,281 in the last 90 days. Insiders own 0.79% of the company’s stock.
Several large investors have recently modified their holdings of MON. Whitnell & Co. raised its stake in shares of Monsanto by 35.4% in the first quarter. Whitnell & Co. now owns 979 shares of the basic materials company’s stock worth $111,000 after buying an additional 256 shares in the last quarter. Hartford Financial Management Inc. purchased a new stake in shares of Monsanto during the first quarter worth approximately $113,000. Acrospire Investment Management LLC purchased a new stake in shares of Monsanto during the first quarter worth approximately $113,000. Pinnacle Financial Partners Inc. purchased a new stake in shares of Monsanto during the second quarter worth approximately $114,000. Finally, Bruderman Asset Management LLC purchased a new stake in shares of Monsanto during the second quarter worth approximately $116,000. Institutional investors and hedge funds own 75.28% of the company’s stock.
Monsanto Company Profile
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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