Syngenta AG (SYT) Receives Average Rating of “Buy” from Brokerages
Syngenta AG (NYSE:SYT) has received a consensus recommendation of “Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $95.73.
Several equities research analysts have recently commented on SYT shares. Zacks Investment Research raised shares of Syngenta AG from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Jefferies Group LLC set a $91.00 price target on shares of Syngenta AG and gave the company a “hold” rating in a research report on Saturday, March 25th.
Syngenta AG (NYSE SYT) opened at 92.17 on Tuesday. The firm has a market cap of $42.50 billion, a price-to-earnings ratio of 36.03 and a beta of 0.99. Syngenta AG has a one year low of $74.52 and a one year high of $93.61. The stock’s 50 day moving average is $92.26 and its 200-day moving average is $87.25.
The company also recently disclosed an annual dividend, which will be paid on Thursday, July 13th. Shareholders of record on Monday, May 15th will be paid a dividend of $1.0065 per share. The ex-dividend date is Thursday, May 11th. This represents a yield of 1.08%.
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Several hedge funds have recently made changes to their positions in the company. FMR LLC bought a new stake in shares of Syngenta AG during the fourth quarter worth approximately $152,259,000. Baupost Group LLC MA bought a new stake in shares of Syngenta AG during the fourth quarter worth approximately $58,903,000. Mondrian Investment Partners LTD raised its stake in shares of Syngenta AG by 30.9% in the first quarter. Mondrian Investment Partners LTD now owns 643,293 shares of the basic materials company’s stock worth $56,931,000 after buying an additional 152,000 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Syngenta AG during the first quarter worth approximately $54,379,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Syngenta AG during the first quarter worth approximately $54,379,000. Hedge funds and other institutional investors own 8.88% of the company’s stock.
About Syngenta AG
Syngenta AG (Syngenta) is an agribusiness company. The Company operates in the crop protection and seeds business, which is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality, and in the lawn and garden business, which provides professional growers and consumers with flowers, turf and landscape, and professional pest management products.
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