Analysts Set Syngenta AG (NYSE:SYT) PT at $92.20
Syngenta AG (NYSE:SYT) has received an average recommendation of “Buy” from the eight brokerages that are currently covering the company. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $92.20.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Syngenta AG from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Sanford C. Bernstein cut shares of Syngenta AG from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $90.20 to $92.20 in a research note on Tuesday, September 6th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating on shares of Syngenta AG in a research note on Tuesday, August 23rd. Finally, Raymond James Financial Inc. raised shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research note on Friday, July 15th.
Large investors have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp acquired a new stake in shares of Syngenta AG during the first quarter valued at about $4,920,000. Credit Agricole S A acquired a new stake in shares of Syngenta AG during the first quarter valued at about $286,000. Alpine Partners VI LLC acquired a new stake in shares of Syngenta AG during the first quarter valued at about $2,071,000. Motley Fool Wealth Management LLC increased its stake in shares of Syngenta AG by 9.7% in the first quarter. Motley Fool Wealth Management LLC now owns 30,223 shares of the company’s stock valued at $2,503,000 after buying an additional 2,667 shares in the last quarter. Finally, Shufro Rose & Co. LLC increased its stake in shares of Syngenta AG by 1.9% in the first quarter. Shufro Rose & Co. LLC now owns 7,990 shares of the company’s stock valued at $662,000 after buying an additional 150 shares in the last quarter. 7.22% of the stock is owned by institutional investors and hedge funds.
Shares of Syngenta AG (NYSE:SYT) opened at 87.73 on Tuesday. The firm has a 50-day moving average of $84.68 and a 200 day moving average of $81.48. The company has a market cap of $40.32 billion, a price-to-earnings ratio of 34.18 and a beta of 1.28. Syngenta AG has a one year low of $61.61 and a one year high of $89.13.
Syngenta AG Company Profile
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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