Piper Jaffray Companies Analysts Give Monsanto Company (NYSE:MON) a $128.00 Price Target
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.
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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.
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.
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