Equities research analysts at Boenning & Scattergood upgraded shares of Monsanto Co. (NYSE: MON) from a "neutral" rating to an "outperform" rating in a research note to investors on Wednesday.
Separately, analysts at Morgan Stanley (NYSE: MS) reiterated an "overweight" rating on shares of Monsanto Co. in a research note to investors on Thursday, June 30th. They now have a $77.00 price target on the stock. Also, analysts at Jefferies raised their price target on shares of Monsanto Co. to $74.00 in a research note to investors on Thursday, June 30th.
Shares of Monsanto Co. traded up 0.34% during mid-day trading on Thursday, hitting $74.39. Monsanto Co. has a 52 week low of $47.07 and a 52 week high of $76.69. The stock's 50-day moving average is $69.38 and its 200-day moving average is $69.76. The company has a market cap of $39.779 billion and a price-to-earnings ratio of 25.84.
Monsanto Co. last announced its quarterly results on Wednesday, April 6th. The company reported $1.87 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.84 EPS by $0.03. During the same quarter in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Monsanto Co. will post $0.06 EPS next quarter.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company's seeds, biotechnology trait products, and herbicides provide farmers with solutions that improve productivity, reduce the costs of farming, and produce better foods for consumers and better feed for animals. It manages business in two segments: Seeds and Genomics, and Agricultural Productivity. In April 2010, the Company completed the acquisition of a corn and soybean processing plant located in Paine, Chile from Anasac, a company that provides seed processing services. In October 2009, the Company completed the acquisition of Seminium, S.A. (Seminium), a corn seed company.
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