Market Update: Monsanto Company (NYSE:MON) – Farmers to Gain Access to Monsanto’s Roundup Ready 2 Xtend™ Soybeans in 2016

[Business Wire] – ST. LOUIS–(BUSINESSWIRE)– Monsanto Company ( NYSE:MON – News) today announced its commercial launch plans for its Roundup Ready 2 Xtend™ soybeans after it received import approval in China. Monsanto’s Asgrow®, Channel® and regional brands, along with Corn States licensees, expect to introduce more than 70 soybean products across eight maturity groups with agronomic traits including resistance to nematodes and phytophthora root rot. Read more on this. Monsanto Company (MON) , currently valued at $39.10B, started trading this morning at $88.30. A quick look at the market, the company’s stock traded between $87.18 and $89.36 and has traded between $81.22 and $126.00 over the past year. MON shares are currently priced at 17.03x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 19.71x earnings multiple. And for dividend hunters, the company pays shareholders $2.16 per share annually in dividends, yielding 2.38%. According to a consensus of 19 analysts, the earnings estimate of $2.84 per share would be $0.05 worse than the year-ago quarter and a $0.13 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.13 would be a $0.60 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.00 Billion. If realized, that would be a 3.85% decrease over the year-ago quarter. More recently, Bernstein Initiated MON at Underperform (Sep 11, 2015). Previously, Wells Fargo downgraded MON from Outperform to Market Perform. When considering if the stock is under or overvalued, the average price target is $106.58, which is 20.70% above where the stock opened this morning. See more in (NYSE:MON) Similar Articles: Stock Update: Monsanto Company (NYSE:MON) – Monsanto to cut additional 1,000 jobs, bringing total planned job cuts to 3,600 Stock Update: Monsanto Company (NYSE:MON) – Monsanto Company Sets Webcasts for Biennial Investor Event Company Update (NYSE:MON): Monsanto to Mexico honey farmers: Our soya seeds not to blame for woes