Monsanto Company (MON) was Upgraded by Jefferies to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on May 25, 2016.
Many Wall Street Analysts have commented on Monsanto Company. Shares were Reiterated by Deutsche Bank on Apr 7, 2016 to “Buy” and Lowered the Price Target to $ 100 from a previous price target of $105 .Monsanto Company was Downgraded by Citigroup to ” Neutral” on Mar 14, 2016. Monsanto Company was Downgraded by Goldman to ” Sell” on Mar 4, 2016.
On the company’s financial health, Monsanto Company reported $2.42 EPS for the quarter, based on the information available during the earnings call on Apr 6, 2016. Analyst had a consensus estimate of $2.42. The company had revenue of $4532.00 million for the quarter, compared to analysts expectations of $4734.36 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.90 EPS.
Monsanto Company opened for trading at $99.95 and hit $102.9 on the upside on Friday, eventually ending the session at $101.52, with a gain of 0.96% or 0.97 points. The heightened volatility saw the trading volume jump to 37,04,135 shares. Company has a market cap of $44,349 M.
In a different news, on Apr 21, 2016, George Poste (director) sold 1,136 shares at $91.93 per share price. According to the SEC, on Apr 18, 2016, Steven Mizell (EVP, Chief HR Officer) sold 9,500 shares at $89.06 per share price. On Apr 18, 2016, Charles S Mcmillan (director) purchased 3,500 shares at $87.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Monsanto Company (Monsanto) 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. Through its Seeds and Genomics segment it produces seed brands including DEKALB Asgrow Deltapine Seminis and De Ruiter and it develops biotechnology traits that assist farmers in controlling insects and weeds. Through its Agricultural Productivity segment it manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential market.