Monsanto Numbers Boosted at Citigroup and Piper Jaffray (MON)

The price target and earnings estimates were increased on agricultural products maker Monsanto Company (MON) on Thursday by analysts at Citigroup and Piper Jaffray.

The analysts at Citigroup say that soybeans should help Monsanto drive growth starting in 2014. Also, the company’s accelerated share buyback program should be a catalyst for growth. As such, the analysts boosted the company’s earnings estimates through 2014 and raised its price target to $122. This new valuation suggests a 17% upside to Wednesday’s closing price of $104.51.

Piper Jaffray analysts are a bit more bullish on Monsanto and now see its shares reaching $133. This target suggests a 27% upside to Wednesday’s closing price. The analysts maintain the company’s “Overweight” rating as it is carrying momentum into the planting season.

Monsanto shares were up 49 cents, or +0.47%, during pre-market trading on Thursday. The stock is up +10.42% year-to-date.

The Bottom Line
Shares of Monsanto Company (MON) have a dividend yield of 1.44% based on last night’s closing price of $104.51 and the company’s annualized dividend payout $1.50 per share.

Monsanto Company (MON) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here