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Market Update: Monsanto Company (NYSE:MON) – Monsanto Named to MIT Technology Review’s 50 Smartest Companies List for 2016

[Business Wire] – Monsanto Company has been named to MIT Technology Review’s 2016 list of 50 Smartest Companies. Monsanto, a sustainable agriculture company, is ranked No. 50. Read more on this. Monsanto Company (MON) , valued at $47.04B, started the session at $108.94. Looking at today’s trading action, the company’s one day range from $107.00 to $109.15 and has traded between $81.22 and $114.26 over the past year. Monsanto (MON) shares are currently priced at 23.48x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 85.55x 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 1.98%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.42 per share, which would be $0.03 better than the year-ago quarter and a $0.05 sequential increase. The full-year EPS estimate is $4.63, which would be a $1.10 better than last year. 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. Investors should keep in mind is that the average price target is $104.80, which is 3.80% below where the stock opened this morning. See more in (NYSE:MON) Similar Articles: Stock Update: Monsanto Company (NYSE:MON) – Monsanto Company and Remington Holding Company, LLC, Announce New Strategic Joint Venture to Drive Innovation and Market Access for Sorghum Market Update: Monsanto Company (NYSE:MON) – Bayer expands financing group for Monsanto bid-source Market Update: Monsanto Company (NYSE:MON) – Farmers to Gain Access to Monsanto’s Roundup Ready 2 Xtend™ Soybeans in 2016
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