Syngenta AG (SYT) Shares Gap Up to $75.09
Syngenta AG (NYSE:SYT) gapped up prior to trading on Monday . The stock had previously closed at $74.73, but opened at $75.09. Syngenta AG shares last traded at $75.71, with a volume of 310,062 shares traded.
SYT has been the subject of several recent research reports. Zacks Investment Research upgraded Syngenta AG from a “sell” rating to a “hold” rating in a research report on Wednesday, May 25th. Jefferies Group reiterated a “buy” rating on shares of Syngenta AG in a research report on Thursday, May 19th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.73.
The firm has a market capitalization of $34.67 billion and a price-to-earnings ratio of 26.01. The stock’s 50-day moving average is $78.87 and its 200 day moving average is $79.65.
Several large investors have recently bought and sold shares of SYT. US Bancorp DE raised its stake in Syngenta AG by 1.5% in the fourth quarter. US Bancorp DE now owns 25,884 shares of the company’s stock valued at $2,038,000 after buying an additional 384 shares during the last quarter. Eaton Vance Management raised its stake in Syngenta AG by 1,355.4% in the fourth quarter. Eaton Vance Management now owns 210,402 shares of the company’s stock valued at $16,565,000 after buying an additional 195,945 shares during the last quarter. Suntrust Banks Inc. raised its stake in Syngenta AG by 69.6% in the fourth quarter. Suntrust Banks Inc. now owns 20,244 shares of the company’s stock valued at $1,593,000 after buying an additional 8,306 shares during the last quarter. Napier Park Global Capital US LP purchased a new stake in Syngenta AG during the fourth quarter valued at about $1,968,000. Finally, Whittier Trust Co. raised its stake in Syngenta AG by 3,669.8% in the fourth quarter. Whittier Trust Co. now owns 18,849 shares of the company’s stock valued at $1,484,000 after buying an additional 18,349 shares during the last quarter.
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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