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Company Update (NYSE:MON): Despite Moderating Near-Term Outlook, Strength of Core Business, New Platforms and Financial Discipline Continue to Back Confidence in Long-Term Growth Opportunity for Monsanto

[Business Wire] – Monsanto Company’s core business growth drivers, expanding new platform opportunities and financial discipline reinforce the company’s unique leadership position within the industry and confidence in its long-term growth opportunities, Pierre Courduroux, senior vice president and chief financial officer, will highlight with investors today at the Bank of America Merrill Lynch 2016 Global Agriculture … Read more on this. Monsanto Company (MON) , valued at $38.47B, began trading this morning at $88.00. During today’s session, MON traded between $87.04 to $88.55 with a trailing 52-week range being $81.22 to $123.82. MON shares are currently priced at 17.51x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.84x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.16 per share annually in dividends, yielding 2.38%. According to a consensus of 20 analysts, the earnings estimate of $2.84 per share would be $0.05 worse than the year-ago quarter and a $0.16 sequential decrease. Investors should also note that the full-year EPS estimate of $5.14 is a $0.59 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.00 Billion. If realized, that would be a 3.85% decrease over the year-ago quarter. Recently, Bernstein Initiated MON at Underperform (Sep 11, 2015). Previously, Wells Fargo downgraded MON from Outperform to Market Perform. When considering if the stock is under or overvalued, the average price target is $106.53, which is 21.06% above where the stock opened this morning. See more in (NYSE:MON) Similar Articles: Stock Update: Monsanto Company (NYSE:MON) – Monsanto to pay $80 million in SEC settlement over Roundup earnings Market Update: Monsanto Company (NYSE:MON) – Farmers to Gain Access to Monsanto’s Roundup Ready 2 Xtend™ Soybeans in 2016 Stock Update: Monsanto Company (NYSE:MON) – Monsanto Company Sets Webcasts for Biennial Investor Event
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