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Market Update: Monsanto Company (NYSE:MON) – Bayer expands financing group for Monsanto bid-source

[Reuters – UK Focus] – German drugs and crop chemicals group Bayer AG, which has made a $62 billion bid for U.S. seeds company Monsanto Co, has added more banks to its acquisition financing package, according to a person familiar … Read more on this. Monsanto Company (MON) , valued at $48.21B, started trading this morning at $111.53. Today, shares have traded between $109.65 and $111.53 per share and has traded between $81.22 and $117.11 over the past 12 months. Monsanto (MON) shares are currently priced at 23.97x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 86.74x earnings multiple for the same period. The company pays shareholders $2.16 per share in dividend income per year, for a current yield of 1.92%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.42 per share, which would be $0.03 better than the year-ago quarter and a $0.02 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $4.63, which would be a $1.10 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.50 Billion. If reported, that would be a 1.75% decrease over the year-ago quarter. More recently, Jefferies upgraded MON from Hold to Buy (May 25, 2016). Previously, Citigroup downgraded MON from Buy to Neutral. The average price target for MON shares is $100.00, which is 10.34% below where the stock opened this morning. See more in (NYSE:MON) Similar Articles: Market Update: Monsanto Company (NYSE:MON) – Bayer could get ECB financing for Monsanto bid, rules show Stock Update: Monsanto Company (NYSE:MON) – Bayer defies critics with $62 billion Monsanto offer Market Update (NYSE:MON): Bayer’s Monsanto approach sparks shareholder uproar
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