Syngenta AG (NYSE:SYT) shares gapped down before the market opened on Wednesday . The stock had previously closed at $75.33, but opened at $75.72. Syngenta AG shares last traded at $76.55, with a volume of 268,054 shares changing hands.

SYT has been the subject of a number of recent analyst reports. Jefferies Group restated a “buy” rating on shares of Syngenta AG in a research report on Thursday, May 19th. Zacks Investment Research upgraded shares of Syngenta AG from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.73.

The stock has a 50-day moving average of $78.68 and a 200 day moving average of $79.60. The company has a market capitalization of $35.13 billion and a P/E ratio of 26.36.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its position in Syngenta AG by 1.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 12,700 shares of the company’s stock valued at $1,000,000 after buying an additional 150 shares during the last quarter. Trexquant Investment LP increased its position in Syngenta AG by 241.2% in the fourth quarter. Trexquant Investment LP now owns 15,100 shares of the company’s stock valued at $1,189,000 after buying an additional 10,674 shares during the last quarter. Whittier Trust Co. increased its position 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. Thornburg Investment Management Inc. acquired a new position in Syngenta AG during the fourth quarter valued at $1,517,000. Finally, Suntrust Banks Inc. increased its position 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.

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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