Brokerages Set Syngenta AG (NYSE:SYT) Price Target at $91.60
Syngenta AG (NYSE:SYT) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $91.60.
Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Syngenta AG from a “sell” rating to a “strong sell” rating in a research note on Sunday. Zacks Investment Research downgraded shares of Syngenta AG from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC set a $91.00 price objective on shares of Syngenta AG and gave the company a “hold” rating in a research note on Saturday, March 25th.
A number of institutional investors have recently bought and sold shares of the company. Mondrian Investment Partners LTD increased its position in 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 position in Syngenta AG during the first quarter worth $54,379,000. Marshall Wace North America L.P. bought a new position in Syngenta AG during the first quarter worth $54,379,000. Tudor Investment Corp ET AL increased its position in Syngenta AG by 1.6% in the first quarter. Tudor Investment Corp ET AL now owns 513,291 shares of the basic materials company’s stock worth $45,426,000 after buying an additional 8,000 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Syngenta AG by 32.2% in the first quarter. Bank of America Corp DE now owns 478,491 shares of the basic materials company’s stock worth $42,347,000 after buying an additional 116,662 shares in the last quarter. 8.65% of the stock is currently owned by institutional investors.
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Syngenta AG (SYT) traded down 0.15% during mid-day trading on Monday, hitting $92.22. 11,369 shares of the stock traded hands. The company has a market cap of $42.52 billion, a price-to-earnings ratio of 36.05 and a beta of 0.97. The stock’s 50 day moving average is $92.22 and its 200-day moving average is $89.18. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61.
The business also recently declared an annual dividend, which was paid on Thursday, July 13th. Shareholders of record on Monday, May 15th were paid a dividend of $1.0065 per share. This represents a yield of 1.08%. The ex-dividend date was Thursday, May 11th.
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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