Argus Downgrades Monsanto (MON) to Sell

Monsanto (NYSE:MON) was downgraded by research analysts at Argus from a “buy” rating to a “sell” rating in a report issued on Monday, MarketBeat reports.

MON has been the subject of several other reports. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Wells Fargo reiterated a “market perform” rating and issued a $128.00 price objective (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. ValuEngine upgraded Monsanto from a “hold” rating to a “buy” rating in a research report on Monday, April 9th. Sanford C. Bernstein reiterated a “neutral” rating and issued a $119.00 price objective on shares of Monsanto in a research report on Monday, April 9th. Finally, Zacks Investment Research lowered Monsanto from a “hold” rating to a “sell” rating in a research report on Monday, April 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Monsanto has an average rating of “Hold” and a consensus target price of $126.61.

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Monsanto stock opened at $125.45 on Monday. The stock has a market cap of $55,276.42, a PE ratio of 22.81, a P/E/G ratio of 2.10 and a beta of 0.96. Monsanto has a 1 year low of $114.19 and a 1 year high of $126.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.41 and a quick ratio of 0.85.

Monsanto (NYSE:MON) last posted its earnings results on Thursday, April 5th. The basic materials company reported $3.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.31 by ($0.09). The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.34 billion. Monsanto had a return on equity of 37.31% and a net margin of 17.07%. Monsanto’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 earnings per share. equities analysts forecast that Monsanto will post 5.7 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MON. Farallon Capital Management LLC lifted its stake in Monsanto by 1,505.6% in the 4th quarter. Farallon Capital Management LLC now owns 1,445,000 shares of the basic materials company’s stock valued at $168,747,000 after acquiring an additional 1,355,000 shares in the last quarter. Canyon Capital Advisors LLC bought a new stake in Monsanto in the 4th quarter valued at approximately $147,437,000. York Capital Management Global Advisors LLC lifted its stake in Monsanto by 14.8% in the 4th quarter. York Capital Management Global Advisors LLC now owns 6,059,514 shares of the basic materials company’s stock valued at $707,630,000 after acquiring an additional 781,259 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Monsanto by 30.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,881,300 shares of the basic materials company’s stock valued at $336,478,000 after acquiring an additional 675,700 shares in the last quarter. Finally, Lansdowne Partners UK LLP bought a new stake in Monsanto in the 4th quarter valued at approximately $76,287,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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Monsanto Company Profile

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, including corn, soybean, cotton, and canola seeds under the DEKALB, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.

Analyst Recommendations for Monsanto (NYSE:MON)

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