Monsanto Stock Rating Reaffirmed by TheStreet (MON)
http://www.americanbankingnews.com/getthestreet reiterated their buy rating on shares of Monsanto (NYSE: MON) in a research note issued to investors on Tuesday.
“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.”
,” TheStreet’s analyst wrote.
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 issued a hold rating, and one has assigned an underweight rating to the stock. The company currently has an average rating of overweight and an average target price of $111.03.
Shares of Monsanto traded up 0.29% during mid-day trading on Tuesday, hitting $103.94. Monsanto has a 52 week low of $69.70 and a 52 week high of $104.59. The stock’s 50-day moving average is currently $101.8. The company has a market cap of $55.692 billion and a P/E ratio of 24.70.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 26th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.38 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, April 3rd.
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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