Syngenta AG (SYT) Sees Unusually-High Trading Volume
Syngenta AG (NYSE:SYT) saw strong trading volume on Tuesday . 752,956 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 646,702 shares.The stock last traded at $86.94 and had previously closed at $87.81.
Several analysts have recently commented on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of Syngenta AG in a report on Tuesday. Zacks Investment Research upgraded shares of Syngenta AG from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.73.
The company has a market capitalization of $40.09 billion and a P/E ratio of 33.98. The firm has a 50-day moving average price of $78.56 and a 200-day moving average price of $80.44.
A number of large investors have added to or reduced their stakes in SYT. 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 period. 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 period. Bank of Montreal Can increased its position in 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, US Bancorp DE increased its position 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 period.
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.