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Company Update (NYSE:DD): Monsanto and DuPont Sign Dicamba Supply Agreement

[Business Wire] – Monsanto Company and DuPont today announced a multi-year dicamba supply agreement for the U.S. and Canada. Terms of the agreement were not disclosed. Read more on this. E. I. du Pont de Nemours and Company (DD) , valued at $54.70B, opened this morning at $61.91. Today, shares have traded between $61.80 and $62.85 per share with a one year range of $47.11 to $75.72. DD shares are currently priced at 19.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.57x earnings multiple for the same period. According to a consensus of 17 analysts, the earnings estimate of $1.10 per share would be $0.01 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $3.15 which would be a $0.38 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.01 Billion. If reported, that would be a 18.49% decrease over the year-ago quarter. Recently, JP Morgan downgraded DD from Overweight to Neutral (Jun 28, 2016). Previously, Credit Agricole downgraded DD from Outperform to Underperform. The average price target for DD shares is $71.86, which is 16.07% above where the stock opened this morning. See more in (NYSE:DD) Similar Articles: Stock Update (NYSE:DD): DuPont and Monsanto Reach Technology Licensing Agreement for Intacta RR2 PRO Technology in Brazil Stock Update (NYSE:DD): DuPont Names Randy L. Stone as President, DuPont Performance Materials Company Update: E I du Pont de Nemours and Company (NYSE:DD) – DuPont, Dow Announce Site Structure Of Intended Independent Agriculture Company
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