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Company Update: Monsanto Company (NYSE:MON) – Monsanto’s Continued Progress across Key Milestones Reinforces Confidence in Its Innovation-Based Growth Drivers

[Business Wire] – During the Wells Fargo 2016 Industrials and Chemicals Conference today in New York, Monsanto Company’s vice president and chief commercial officer Mike Frank will highlight the company’s core growth drivers and integrated platform opportunities that reinforce its position to help address key global challenges, generate significant value for farmers and return value to shareowners. Read more on this. Monsanto Company (MON) , valued at $39.03B, opened at $89.24. A quick look at the market, the company’s stock traded between $88.76 and $89.57 with the price of the stock fluctuating between $81.22 to $121.09 over the last 52 weeks. Monsanto (MON) shares are currently priced at 19.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.42x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.16 per share annually in dividends, yielding 2.41%. According to a consensus of 21 analysts, the earnings estimate of $2.38 per share would be $0.01 worse than the year-ago quarter and a $0.10 sequential decrease. The full-year EPS estimate is $4.65, which would be a $1.08 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.46 Billion. If realized, that would be a 2.62% decrease over the year-ago quarter. In terms of ratings, Citigroup downgraded MON from Buy to Neutral (Mar 14, 2016). Previously, Goldman downgraded MON from Neutral to Sell. When considering if perhaps the stock is under or overvalued, the average price target is $98.16, which is 10.00% above where the stock opened this morning. See more in (NYSE:MON) Similar Articles: Company Update (NYSE:MON): Despite Moderating Near-Term Outlook, Strength of Core Business, New Platforms and Financial Discipline Continue to Back Confidence in Long-Term Growth Opportunity for Monsanto Market Update: Monsanto Company (NYSE:MON) – Farmers to Gain Access to Monsanto’s Roundup Ready 2 Xtend™ Soybeans in 2016 Stock Update: Monsanto Company (NYSE:MON) – Monsanto Company Sets Webcasts for Biennial Investor Event
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