Market Overview

Jefferies Reiterates Hold Rating on Monsanto, 'Q3 Beat on Taxes'

Share:
Related MON
Barclays Initiates Monsanto With Equal-weight
Benzinga's Top Initiations
American Vanguard Q4 Earnings, Revenues Trail Estimates - Analyst Blog (Zacks)

In a report published on Tuesday, Jefferies analyst Laurence Alexander reiterated a Hold rating and a price target of $110 on Monsanto (NYSE: MON).

In the report, Jefferies stated, "Q3 EPS of $1.66 was $0.06 above consensus and our estimate, but pretax income was $0.04 below consensus. Monsanto reiterated the 2013E target of $4.50-$4.55 (vs. $4.58 consensus) and mid-teens growth in 2014E (vs. 16% consensus). Seeds & Genomics were $0.24 lower than forecast and Ag Productivity $0.11 above."

Monsanto closed on Tuesday at $101.40.

Latest Ratings for MON

DateFirmActionFromTo
Mar 2015BarclaysInitiates Coverage onEqual-weight
Jan 2015CitigroupMaintainsBuy
Jan 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for MON
View the Latest Analyst Ratings

Posted-In: Jefferies Laurence AlexanderAnalyst Color Reiteration Analyst Ratings

 

Related Articles (MON)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→