Syngenta AG (SYT) Reaches New 1-Year High at $88.16
Syngenta AG (NYSE:SYT) reached a new 52-week high during trading on Monday . The company traded as high as $88.16 and last traded at $87.52, with a volume of 2,499,498 shares changing hands. The stock had previously closed at $79.51.
Several research analysts have commented on SYT shares. Raymond James Financial Inc. upgraded shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a report on Friday, July 15th. Zacks Investment Research upgraded shares of Syngenta AG from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Deutsche Bank AG restated a “buy” rating on shares of Syngenta AG in a report on Tuesday. Finally, Jefferies Group restated a “buy” rating on shares of Syngenta AG in a report on Thursday, May 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Syngenta AG has a consensus rating of “Buy” and a consensus target price of $83.73.
The firm has a 50 day moving average price of $78.56 and a 200-day moving average price of $80.44. The firm has a market cap of $40.09 billion and a PE ratio of 33.98.
Other hedge funds and institutional investors have bought and sold shares of the company. Trexquant Investment LP raised 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 worth $1,189,000 after buying an additional 10,674 shares during the period. US Bancorp DE raised 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 worth $2,038,000 after buying an additional 384 shares during the period. Suntrust Banks Inc. raised 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 worth $1,593,000 after buying an additional 8,306 shares during the period. Finally, Bank of Montreal Can raised 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 worth $1,812,000 after buying an additional 14,868 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.
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