Monsanto (MON) Stock is the 'Chart of the Day'
NEW YORK (TheStreet) -- Monsanto Co. (MON) stock is falling by 0.45% to $93.11 in early afternoon trading on Thursday.
The decline comes after the company on Tuesday slashed its earnings forecast for fiscal 2016, which began in September.
The agricultural company now expects to earn between the range of $4 to $4.66 a share, below its previous guidance range of $4.44 to $5.01 a share.
Monsanto cited higher restructuring charges for the forecast revision.
From the restructuring, the company projects savings of $500 million by the end of fiscal 2018.
Based in St. Louis, MO, Monsanto provides agricultural products for farmers worldwide.
TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Monsanto as the "Chart of the Day." Here is what Versace and Lang had to say about the company:
The seed/fertilizer names have been beaten to a pulp in 2015, and there is little reason to get excited about any of them. Monsanto, however, has a higher high on the chart and is flirting with a potential breakout toward the 200-day moving average at $106 or so. Strong turnover this month is key for this stock to move higher, and the momentum indicator shows a low-risk entry point (arrow). Moving Average Convergence/Divergence oscillator (MACD) is rolling over but that could just be corrective.
- Chris Versace and Bob Lang "Chart of the Day: MON" originally published on 11/12/15 on Trifecta Stocks.
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Separately, TheStreet Ratings team rates MONSANTO CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
We rate MONSANTO CO (MON) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
You can view the full analysis from the report here: MON