Shares of Syngenta AG (NYSE:SYT) gapped up before the market opened on Tuesday . The stock had previously closed at $78.12, but opened at $78.25. Syngenta AG shares last traded at $78.83, with a volume of 340,972 shares.

SYT has been the subject of several recent analyst reports. Raymond James Financial Inc. upgraded shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research report on Friday, July 15th. Zacks Investment Research downgraded shares of Syngenta AG from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. Finally, Jefferies Group restated a “buy” rating on shares of Syngenta AG in a research report on Thursday, May 19th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $83.73.

The firm has a market capitalization of $36.19 billion and a PE ratio of 30.68. The company’s 50 day moving average is $77.77 and its 200-day moving average is $80.29.

A number of hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of 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 period. Suntrust Banks Inc. increased its stake in shares of 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 period. Trexquant Investment LP increased its stake in shares of 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 period. Bank of Montreal Can increased its stake in shares of Syngenta AG by 182.2% in the fourth quarter. Bank of Montreal Can now owns 23,030 shares of the company’s stock valued at $1,812,000 after buying an additional 14,868 shares during the period. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Syngenta AG during the fourth quarter valued at about $3,624,000.

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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