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Company Update: Monsanto Company (NYSE:MON) – Monsanto Reports Third Quarter Financial Results; Company Remains Innovation Partner of Choice, Securing Several Recent Technology and Operational Agreements

[Business Wire] – Monsanto Company today highlighted progress against several milestones related to the company’s long-term growth drivers despite the macro challenges facing global agriculture as it announced its financial results for the third quarter and first nine months of fiscal year 2016. Read more on this. Monsanto Company (MON) , currently valued at $44.64B, began trading this morning at $104.21. Looking at today’s trading action, the company’s one day range from $100.75 to $104.00 with its 52-week range being $81.22 to $114.26. MON shares are currently priced at 21.93x 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 passive income investors, the company pays shareholders $2.16 per share annually in dividends, yielding 2.08%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.40 per share, which would be $0.01 better than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $4.61 which would be a $1.12 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.49 Billion. If realized, that would be a 1.97% decrease over the year-ago quarter. Recently, Jefferies upgraded MON from Hold to Buy (May 25, 2016). Previously, Citigroup downgraded MON from Buy to Neutral. With the above information in mind, readers should note that the average price target is $107.00, which is 2.68% above where the stock opened this morning. See more in (NYSE:MON) Similar Articles: Market Update: Monsanto Company (NYSE:MON) – Monsanto Named to MIT Technology Review’s 50 Smartest Companies List for 2016 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 Company Update: Monsanto Company (NYSE:MON) – Monsanto’s Continued Progress across Key Milestones Reinforces Confidence in Its Innovation-Based Growth Drivers
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