Monsanto Co.MONaddresses recent investor inquires about recent movement of the stock.
In a research report Jefferies & Company, Inc. writes "The 8% decline yesterday in Monsanto shares appears, in our view, disproportionate to available yield data and more reflective of inchoate concerns, which we expect to be addressed on the Q4 call. We expect a 2011E range of $2.75-$2.90 (up 12%-18%)"
Monsanto Co trades at 19.9X 2010E EPS and 17.1x 2011 EPS.
MON has a price target of $55 based on 16.2x 2012E EPS.
MON Closed Tuesday at $48.75
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