Shares of Monsanto Company (NYSE:MON) hit a new 52-week low on Thursday , Analyst Ratings.Net reports. The stock traded as low as $81.22 and last traded at $82.25, with a volume of 2,834,290 shares trading hands. The stock had previously closed at $84.38.
Several equities research analysts have recently commented on the company. Sanford C. Bernstein initiated coverage on Monsanto Company in a research report on Wednesday. They set an “underperform” rating on the stock. Atlantic Securities raised Monsanto Company from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $95.00 to $120.00 in a research report on Monday, June 8th. Barclays lowered their price objective on Monsanto Company from $128.00 to $125.00 and set an “equal weight” rating on the stock in a report on Monday, June 29th. Canaccord Genuity restated a “buy” rating and set a $143.00 target price on shares of Monsanto Company in a research note on Tuesday, June 23rd. Finally, Piper Jaffray reduced their price objective on Monsanto Company from $139.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $122.68.
The stock has a market capitalization of $39.04 billion and a P/E ratio of 15.4352. The company’s 50 day moving average is $96.48 and its 200-day moving average is $109.16.
Monsanto Company (NYSE:MON) last announced its quarterly earnings results on Wednesday, June 24th. The company reported $2.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.33. The business earned $4.58 billion during the quarter. During the same quarter last year, the firm posted $1.62 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that Monsanto Company will post $5.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 9th will be given a $0.54 dividend. The ex-dividend date is Wednesday, October 7th. This is a positive change from Monsanto Company’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 2.56%.
Monsanto Company (NYSE:MON) is a supplier of agricultural products for farmers. The Organization ‘s seeds, biotechnology trait products, and herbicides supply options that improve productivity, reduce the costs of farming, and make better foods for consumers and better feed for animals to farmers. Business is managed by it . Through its Seeds and Genomics segment, it creates seed brands, including Deltapine, Asgrow, DEKALB, Seminis and De Ruiter, plus biotechnology traits that assist farmers in controlling insects and weeds are developed by it. Through its Agricultural Productivity section, it manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential marketplace.
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