Monsanto Co. (MON) Lowered to Buy at Vetr Inc.
Vetr lowered shares of Monsanto Co. (NYSE:MON) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning. The firm currently has $111.12 price objective on the stock.
Other analysts have also issued research reports about the stock. Deutsche Bank AG lifted their target price on shares of Monsanto from $118.00 to $128.00 and gave the company a buy rating in a research report on Thursday, September 15th. BMO Capital Markets set a $128.00 price target on shares of Monsanto and gave the stock a buy rating in a research note on Thursday, September 15th. Monness Crespi & Hardt raised shares of Monsanto from a neutral rating to a buy rating and raised their price target for the stock from $106.93 to $130.00 in a research note on Monday, August 8th. Jefferies Group reissued a buy rating on shares of Monsanto in a research note on Tuesday, September 6th. Finally, Piper Jaffray Cos. set a $128.00 price target on shares of Monsanto and gave the stock a buy rating in a research note on Thursday, September 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $114.06.
Shares of Monsanto (NYSE:MON) traded down 0.11% during trading on Tuesday, reaching $101.64. 231,124 shares of the company’s stock were exchanged. The stock has a market cap of $44.52 billion, a P/E ratio of 34.02 and a beta of 1.01. Monsanto has a 12-month low of $83.73 and a 12-month high of $114.26. The company has a 50 day moving average of $101.09 and a 200 day moving average of $103.88.
Monsanto (NYSE:MON) last announced its earnings results on Wednesday, October 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. Monsanto had a net margin of 9.89% and a return on equity of 46.07%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business earned ($0.19) earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that Monsanto will post $4.73 EPS for the current year.
In other news, Director Charles S. Mcmillan bought 3,500 shares of Monsanto stock in a transaction on Monday, October 10th. The shares were bought at an average cost of $103.23 per share, for a total transaction of $361,305.00. Following the acquisition, the director now owns 64,009 shares in the company, valued at $6,607,649.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kerry J. Preete sold 2,745 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $100.96, for a total transaction of $277,135.20. Following the completion of the transaction, the executive vice president now owns 50,056 shares in the company, valued at $5,053,653.76. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MON. FMR LLC raised its position in Monsanto by 41.3% in the second quarter. FMR LLC now owns 16,593,757 shares of the company’s stock worth $1,715,960,000 after buying an additional 4,851,499 shares during the period. York Capital Management Global Advisors LLC purchased a new position in Monsanto during the third quarter worth about $332,725,000. Flossbach Von Storch AG purchased a new position in Monsanto during the third quarter worth about $238,397,000. Third Point LLC purchased a new position in Monsanto during the second quarter worth about $206,820,000. Finally, Carmignac Gestion purchased a new position in Monsanto during the second quarter worth about $197,555,000. Institutional investors own 78.26% of the company’s stock.
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Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and precision agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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