S&W Seed (NASDAQ:SANW) has received a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $5.13.
SANW has been the subject of a number of analyst reports. ValuEngine raised S&W Seed from a “sell” rating to a “hold” rating in a report on Friday, December 1st. B. Riley reissued a “buy” rating and set a $6.50 price objective on shares of S&W Seed in a report on Monday, December 11th.
Hedge funds and other institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC bought a new position in shares of S&W Seed during the second quarter valued at $210,000. B. Riley Financial Inc. lifted its holdings in shares of S&W Seed by 63.1% during the second quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock valued at $656,000 after acquiring an additional 61,121 shares during the period. Finally, Old West Investment Management LLC bought a new position in shares of S&W Seed during the third quarter valued at $824,000. 61.98% of the stock is owned by institutional investors.
S&W Seed (NASDAQ:SANW) last issued its earnings results on Thursday, November 9th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $10.71 million during the quarter, compared to the consensus estimate of $9.75 million. S&W Seed had a negative return on equity of 4.03% and a negative net margin of 14.12%. sell-side analysts predict that S&W Seed will post -0.07 earnings per share for the current fiscal year.
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S&W Seed Company Profile
S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.
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