As of June 24, 2016, Monsanto (MON) was trading at ~$108.9 per share. Let’s look at Wall Street analyst ratings and target prices for the company’s share price over the next 12 months.
Analyst ratings and price targets
Over the years, we’ve watched Monsanto’s share price move in tandem with analyst recommendations. Out of the 21 Wall Street analysts surveyed by Bloomberg, about 52% of analysts have issued “buy” ratings for Monsanto. About 38% of analysts have issued “hold” ratings, and only 12% have issued “sell” ratings on the stock. Overall, Monsanto’s stock still has a “buy” rating.
MON’s consensus price target for the next 12 months now stands at $107.5, which is below its share price of $108.9 as of June 28. Notably, when analysts lowered their 12-month price targets, the company’s share price also fell, and vice versa.
You can gain exposure to Monsanto and agricultural chemical companies without investing directly in a company’s stock by choosing the iShares US Basic Materials ETF (IYM), which invests 12.5% of its portfolio in agricultural chemicals companies, and the Materials Select Sector SPDR Fund (XLB), which invests about 12% of its portfolio in agricultural chemicals companies. These ETFs also have exposure to Potash Corporation (POT), Mosaic (MOS), and CF Industries (CF).
For more updates on fertilizer companies, check out Market Realist’s Agricultural Fertilizers page.