Monsanto Receives a Hold from Topeka Capital

By George MacDonald

Topeka Capital analyst Chris Kapsch reiterated a Hold rating on Monsanto (NYSE: MON) today and set a price target of $111. The company’s shares opened today at $121.20.

Currently, the analyst consensus on Monsanto is Hold and the average price target is $136.20, representing a 12.4% upside. In a report published on December 24, Miller Tabak also downgraded the stock to Hold.

Based on Monsanto`s latest earnings report from August 31, the company posted quarterly revenue of $2.63B and quarterly net profit of -$156,000,000. In comparison, last year the company earned revenue of $3.14B and had a net profit of $368M.

According to TipRanks, Kapsch is a 2-star analyst with an average return of 2.8% and a 53.3% success rate. Kapsch covers the Basic Materials sector, focusing on stocks such as American Vanguard Corp., Albemarle Corp., and W.R. Grace.

Monsanto Co is a provider of agricultural products for farmers. The Company offers corn, soybean, cotton, wheat, canola, sorghum and sugar cane seeds. Its segments are Seeds and Genomics and Agricultural Productivity.