Goldman Sachs Reiterates a 'Buy' on Monsanto (MON); Boosting Numbers on Strong Guidance
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Price: $105.93 +0.28%
Rating Summary:
18 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
18 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade MON Now!
Goldman Sachs reiterates a 'Buy' on Monsanto (NYSE: MON) price target raised from $90 to $92.
Analyst, Robert Koort, said, "MON pre-announced 3Q2012 EPS of $1.57-$1.62, well above our/Street estimates of $1.37/$1.29...raised its FY2012 EPS guidance to $3.65-$3.70 from $3.49-$3.54...Management commentary indicated that there was better-than-expected follow-through from the strong start to the selling season...Importantly, MON confirmed its expectation to grow EPS mid-teens in 2013 despite now starting from a much higher base in 2012."
"We raise our 3Q2012 EPS estimate by $0.23 to $1.60. We also raise our FY2012 EPS estimate to $3.70, which is at the top of management’s new guidance range. We reiterate our FY13/14 EPS estimates of $4.38/$5.05, which represent 18% and 15% yoy EPS growth."
For an analyst ratings summary and ratings history on Monsanto click here. For more ratings news on Monsanto click here.
Shares of Monsanto closed at $74.75 yesterday, with a 52 week range of $59.09-$83.94.
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Analyst, Robert Koort, said, "MON pre-announced 3Q2012 EPS of $1.57-$1.62, well above our/Street estimates of $1.37/$1.29...raised its FY2012 EPS guidance to $3.65-$3.70 from $3.49-$3.54...Management commentary indicated that there was better-than-expected follow-through from the strong start to the selling season...Importantly, MON confirmed its expectation to grow EPS mid-teens in 2013 despite now starting from a much higher base in 2012."
"We raise our 3Q2012 EPS estimate by $0.23 to $1.60. We also raise our FY2012 EPS estimate to $3.70, which is at the top of management’s new guidance range. We reiterate our FY13/14 EPS estimates of $4.38/$5.05, which represent 18% and 15% yoy EPS growth."
For an analyst ratings summary and ratings history on Monsanto click here. For more ratings news on Monsanto click here.
Shares of Monsanto closed at $74.75 yesterday, with a 52 week range of $59.09-$83.94.
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