Monsanto Company (NYSE:MON) received a $128.00 target price from equities researchers at Piper Jaffray Companies in a research report issued on Friday. The firm currently has a “buy” rating on the basic materials company’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 9.82% from the company’s current price.

Several other equities analysts have also recently issued reports on MON. Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price objective (up from $122.00) on shares of Monsanto in a research report on Friday, April 14th. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Friday, June 16th. UBS AG cut Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $128.00 price objective (up from $125.00) on shares of Monsanto in a research report on Tuesday, June 27th. Finally, Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective on the stock in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Monsanto currently has an average rating of “Hold” and an average target price of $123.15.

Shares of Monsanto (NYSE MON) traded down 0.33% during midday trading on Friday, hitting $116.55. The company had a trading volume of 1,012,471 shares. Monsanto has a 52 week low of $97.35 and a 52 week high of $118.97. The firm’s 50 day moving average is $117.47 and its 200 day moving average is $115.08. The company has a market capitalization of $51.20 billion, a P/E ratio of 25.17 and a beta of 1.07.

Monsanto (NYSE:MON) last released its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.19. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.17 EPS. Equities research analysts anticipate that Monsanto will post $4.89 EPS for the current year.

WARNING: “Piper Jaffray Companies Analysts Give Monsanto Company (NYSE:MON) a $128.00 Price Target” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/12/piper-jaffray-companies-analysts-give-monsanto-company-nysemon-a-128-00-price-target.html.

In other news, EVP Robert T. Fraley sold 52,410 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Janet M. Holloway sold 3,337 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $118.00, for a total value of $393,766.00. Following the completion of the sale, the senior vice president now owns 44,405 shares of the company’s stock, valued at $5,239,790. The disclosure for this sale can be found here. Insiders sold a total of 74,470 shares of company stock valued at $8,791,281 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Whitnell & Co. raised its stake in Monsanto by 35.4% in the first quarter. Whitnell & Co. now owns 979 shares of the basic materials company’s stock valued at $111,000 after buying an additional 256 shares during the period. Hartford Financial Management Inc. bought a new stake in Monsanto during the first quarter valued at approximately $113,000. Acrospire Investment Management LLC bought a new stake in Monsanto during the first quarter valued at approximately $113,000. Pinnacle Financial Partners Inc. bought a new stake in Monsanto during the second quarter valued at approximately $114,000. Finally, Bruderman Asset Management LLC bought a new stake in Monsanto during the second quarter valued at approximately $116,000. Hedge funds and other institutional investors own 75.31% of the company’s stock.

About Monsanto

Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.

Analyst Recommendations for Monsanto (NYSE:MON)

Receive News & Ratings for Monsanto Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto Company and related companies with MarketBeat.com's FREE daily email newsletter.