Syngenta AG (NYSE:SYT) shares 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 traded.

Several brokerages have recently weighed in on SYT. Zacks Investment Research cut shares of Syngenta AG from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Jefferies Group reiterated a “buy” rating on shares of Syngenta AG in a research note on Thursday, May 19th. Finally, Raymond James Financial Inc. upgraded shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research note on Friday, July 15th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $83.73.

The stock has a market cap of $36.58 billion and a PE ratio of 31.01. The company’s 50 day moving average is $77.85 and its 200 day moving average is $80.28.

Several hedge funds and institutional investors have recently bought and sold shares of SYT. Greenwood Capital Associates LLC purchased a new position in Syngenta AG during the fourth quarter valued at approximately $3,624,000. Trexquant Investment LP raised its position 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 worth $1,189,000 after buying an additional 10,674 shares during the last quarter. US Bancorp DE raised its position 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 worth $2,038,000 after buying an additional 384 shares during the last quarter. Suntrust Banks Inc. raised its position 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 worth $1,593,000 after buying an additional 8,306 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Syngenta AG by 115.7% in the fourth quarter. Wells Fargo & Company MN now owns 293,893 shares of the company’s stock worth $23,139,000 after buying an additional 157,656 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.