Syngenta AG (SYT) Sees Strong Trading Volume
Shares of Syngenta AG (NYSE:SYT) saw unusually-strong trading volume on Friday . Approximately 757,964 shares were traded during trading, an increase of 19% from the previous session’s volume of 638,070 shares.The stock last traded at $87.46 and had previously closed at $88.15.
Several analysts have recently weighed in on SYT shares. Jefferies Group reaffirmed a “buy” rating on shares of Syngenta AG in a research note on Thursday, May 19th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Syngenta AG in a research note on Tuesday, August 23rd. Zacks Investment Research raised shares of Syngenta AG from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Sanford C. Bernstein downgraded shares of Syngenta AG from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $90.20 to $92.20 in a research note on Tuesday, September 6th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. raised shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research note on Friday, July 15th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Syngenta AG has an average rating of “Buy” and an average target price of $90.10.
The firm has a market capitalization of $40.15 billion, a P/E ratio of 34.04 and a beta of 1.28. The company has a 50-day moving average price of $83.29 and a 200 day moving average price of $81.26.
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Several hedge funds have recently bought and sold shares of SYT. Alpine Partners VI LLC purchased a new stake in Syngenta AG during the first quarter valued at $2,071,000. Motley Fool Wealth Management LLC boosted its stake in Syngenta AG by 9.7% in the first quarter. Motley Fool Wealth Management LLC now owns 30,223 shares of the company’s stock valued at $2,503,000 after buying an additional 2,667 shares during the period. Shufro Rose & Co. LLC boosted its stake in Syngenta AG by 1.9% in the first quarter. Shufro Rose & Co. LLC now owns 7,990 shares of the company’s stock valued at $662,000 after buying an additional 150 shares during the period. JPMorgan Chase & Co. boosted its stake in Syngenta AG by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 19,272 shares of the company’s stock valued at $1,596,000 after buying an additional 397 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Syngenta AG by 289.6% in the first quarter. BlackRock Fund Advisors now owns 44,944 shares of the company’s stock valued at $3,722,000 after buying an additional 33,407 shares during the period. 7.22% of the stock is owned by institutional investors and hedge funds.
Syngenta AG Company Profile
Syngenta AG is an agribusiness operating in the crop protection and seeds business. The Company is engaged in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality. The Company operates through five segments: the four geographic regions, Europe, Africa and Middle East, North America, Latin America and Asia Pacific, consisting of the integrated Crop Protection and Seeds business, and the global Lawn and Garden business.
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