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Market Update: Monsanto Company (NYSE:MON) – Argentina farmers ask state to intervene in Monsanto soy fight

[Reuters] – About 100 sign-waving Argentine farmers protested in front the country’s CNDC competitiveness authority on Friday, urging the government to back them in their fight with Monsanto Co over rights pertaining the company’s Intacta soybeans. “We are not going to hesitate to take more actions over the days ahead to press the state into action on this very serious and urgent problem,” Omar Príncipe, head of a farm group called the Argentine Agrarian Federation, told reporters. “The technology and licensing system provides incremental benefits to Argentine farmers and fully complies with relevant Argentine laws,” Monsanto said in a statement. Read more on this. Monsanto Company (MON) , currently valued at $37.81B, opened this morning at $83.78. Looking at the stock, its one day range is $83.73 to $86.40 with a trailing 52-week range being $81.22 to $123.82. Monsanto (MON) shares are currently priced at 17.44x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.98x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.16 per share annually in dividends, yielding 2.34%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $2.62 per share, which would be $0.27 worse than the year-ago quarter and a $0.38 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.87 would be a $0.86 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.85 Billion. If reported, that would be a 6.73% decrease over the year-ago quarter. More recently, Goldman downgraded MON from Neutral to Sell (Mar 4, 2016). Previously, Bernstein Initiated MON at to Underperform. The average price target for MON shares is $102.74, which is 22.63% 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 Company Update (NYSE:MON): Monsanto to Mexico honey farmers: Our soya seeds not to blame for woes
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