Report
Jeffrey Stafford
EUR 101.80 For Business Accounts Only

Syngenta Reports Solid 4Q Results; We See a High Probability the Deal With ChemChina Closes

Syngenta reported fourth-quarter and full-year results that generally matched our expectations, and we're standing pat on our fair value estimate of CHF 458 per share ($93 per ADR). Our narrow moat rating, based on intangible assets in the company's leading crop chemicals business, is also intact.
Like its agrochemical peers, Syngenta was affected by a challenging operating environment in 2016, characterized by weak crop prices, high crop spray inventory levels, and lower farmer incomes. But w...
Underlying
Syngenta AG (ADR)

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jeffrey Stafford

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