Syngenta AG (NYSE:SYT) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Syngenta AG (NYSE:SYT) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “SYNGENTA AG-ADR is a world-leading agribusiness. The company ranks first in crop protection, and third in the high-value commercial seeds market. The company is committed to sustainable agriculture through innovative Research and Technology. As the world’s leading supplier of conventional and biotechnology crop solutions, Syngenta has a broad product line designed to improve crop yields and food quality. “

Separately, Jefferies Group LLC set a $91.00 price objective on shares of Syngenta AG and gave the company a hold rating in a research note on Saturday, March 25th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $95.73.

Shares of Syngenta AG (SYT) traded down 0.45% during mid-day trading on Wednesday, reaching $92.08. The company’s stock had a trading volume of 130,219 shares. The company’s 50-day moving average is $92.12 and its 200 day moving average is $87.91. The firm has a market cap of $42.46 billion, a price-to-earnings ratio of 36.00 and a beta of 0.97. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61.

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The business also recently declared an annual dividend, which will be paid on Thursday, July 13th. Investors of record on Monday, May 15th will be given a dividend of $1.0065 per share. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, May 11th.

Several institutional investors have recently made changes to their positions in the stock. MARSHALL WACE ASIA Ltd bought a new position in shares of Syngenta AG during the first quarter valued at about $54,379,000. Marshall Wace North America L.P. bought a new position in shares of Syngenta AG during the first quarter valued at about $54,379,000. Scout Investments Inc. bought a new position in shares of Syngenta AG during the first quarter valued at about $26,273,000. Karp Capital Management Corp bought a new position in shares of Syngenta AG during the first quarter valued at about $18,221,000. Finally, Mondrian Investment Partners LTD boosted its position in shares of Syngenta AG by 30.9% in the first quarter. Mondrian Investment Partners LTD now owns 643,293 shares of the basic materials company’s stock valued at $56,931,000 after buying an additional 152,000 shares in the last quarter. Institutional investors own 8.69% of the company’s stock.

About Syngenta AG

Syngenta AG (Syngenta) is an agribusiness company. The Company operates in the crop protection and seeds business, which is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality, and in the lawn and garden business, which provides professional growers and consumers with flowers, turf and landscape, and professional pest management products.

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