Monsanto Given Buy Rating at TheStreet (MON)
“Monsanto Company (MON) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.”
,” the firm’s analyst wrote.
Monsanto opened at 104.22 on Friday. Monsanto has a 1-year low of $69.70 and a 1-year high of $104.30. The stock’s 50-day moving average is currently $101.7. The company has a market cap of $55.842 billion and a price-to-earnings ratio of 24.84.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 26th. Stockholders of record on Friday, April 5th will be given a dividend of $0.38 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, April 3rd.
A number of other analysts have also recently weighed in on MON. Analysts at Piper Jaffray reiterated an overweight rating on shares of Monsanto in a research note to investors on Wednesday, March 6th. They now have a $130.00 price target on the stock. Separately, analysts at Atlantic Securities downgraded shares of Monsanto from a neutral rating to an underweight rating in a research note to investors on Tuesday, February 19th.
Fifteen investment analysts have rated the stock with a buy rating, six have given a hold rating, and one has assigned an underweight rating to the stock. The stock has an average rating of overweight and an average target price of $111.03.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers.
To view TheStreet’s full report, visit www.thestreetratings.com
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