Monsanto (NYSE: MON)‘s stock had its “overweight” rating restated by analysts at Piper Jaffray in a research report issued to clients and investors on Wednesday. They currently have a $130.00 price target on the stock.
A number of other analysts have also recently weighed in on MON. Analysts at TheStreet reiterated a “buy” rating on shares of Monsanto in a research note to investors on Wednesday, February 27th. Separately, analysts at Atlantic Securities downgraded shares of Monsanto from a “neutral” rating to an “underweight” rating in a research note to investors on Tuesday, February 19th.
Fifteen analysts have rated the stock with a buy rating, six have given a hold rating, and one has given an underweight rating to the company’s stock. The stock currently has an average rating of “overweight” and an average target price of $111.03.
Monsanto traded down 0.54% on Wednesday, hitting $102.22. Monsanto has a 1-year low of $69.70 and a 1-year high of $104.19. The stock’s 50-day moving average is currently $101.6. The company has a market cap of $54.771 billion and a price-to-earnings ratio of 24.49.
Monsanto last issued its quarterly earnings data on Tuesday, January 8th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.25. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company posted $0.23 earnings per share. Monsanto’s revenue was up 20.5% compared to the same quarter last year. Monsanto has set its FY13 guidance at $4.30-4.40 EPS. Analysts expect that Monsanto will post $4.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 26th. Investors of record on Friday, April 5th will be given a dividend of $0.38 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, April 3rd.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers.
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