Market Overview

UPDATE: Credit Suisse Reiterates On Monsanto Company On Revised EPS Estimates

Related MON
Monsanto Considering Acquiring Syngenta? Here's Why A Deal Makes Sense
Monsanto CEO Comments Company is Bullish on the Microbials Business
ChemChina Goes After A Weakened Syngenta (Seeking Alpha)

In a report published Monday, Credit Suisse analyst Christopher S. Parkinson reiterated an Outperform rating on Monsanto Company (NYSE: MON), but lowered the price target from $148.00 to $141.00.

In the report, Credit Suisse noted, “Based on revised ‘soft guidance' of earnings growth below the standard 15% to 20% range, we are revising our FY15 EPS estimate to $5.90. The primary reason for our downward revision results from decreasing volume estimates within the corn S&G segment in addition to a slight decline in the ag productivity segment. We are implementing a FY16 EPS estimate of $7.20. Our price target goes to $141, which is 20x our normalized FY18 EPS of $8.40, discounted back.”

Monsanto Company closed on Friday at $116.62.

Latest Ratings for MON

Oct 2015JP MorganAssumesNeutral
Aug 2015Morgan StanleyAssumesOverweight
Aug 2015Canaccord GenuityMaintainsBuy

View More Analyst Ratings for MON
View the Latest Analyst Ratings

Posted-In: Christopher S. Parkinson Credit SuisseAnalyst Color Price Target Analyst Ratings


Related Articles (MON)

Get Benzinga's Newsletters