Monsanto (NYSE: MON)‘s stock had its “buy” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Friday, StockRatingsNetwork.com reports.
The analysts wrote, “Monsanto Company (MON) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
A number of other firms have also recently commented on MON. Analysts at Jefferies Group reiterated a “hold” rating on shares of Monsanto in a research note to investors on Thursday. They now have a $110.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Monsanto in a research note to investors on Monday, May 13th. They now have a $133.00 price target on the stock. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Monsanto in a research note to investors on Thursday, April 25th. They now have a $133.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Monsanto currently has an average rating of “Buy” and a consensus price target of $114.64.
Monsanto (NYSE: MON) traded down 0.15% on Friday, hitting $104.83. Monsanto has a 52-week low of $73.65 and a 52-week high of $109.33. The stock’s 50-day moving average is currently $105.8. The company has a market cap of $55.962 billion and a price-to-earnings ratio of 22.39.
Monsanto (NYSE: MON) last released its earnings data on Wednesday, April 3rd. The company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.15. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Monsanto has set its FY13 guidance at $4.40-4.50 EPS. On average, analysts predict that Monsanto will post $4.63 earnings per share for the current fiscal year.
Monsanto Company (NYSE: MON), along with its subsidiaries, is a provider of agricultural products for farmers.