Sanderson Farms (SAFM) Rating Reiterated by Barclays

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Sanderson Farms (NASDAQ:SAFM)‘s stock had its “hold” rating reissued by Barclays in a research report issued on Friday. They currently have a $110.00 price target on the stock. Barclays’ target price would suggest a potential upside of 8.95% from the stock’s current price.

A number of other research analysts have also recently issued reports on SAFM. BidaskClub cut Sanderson Farms from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. BMO Capital Markets reissued a “hold” rating and issued a $130.00 target price on shares of Sanderson Farms in a research note on Friday, February 16th. Buckingham Research initiated coverage on Sanderson Farms in a research note on Wednesday, February 21st. They issued a “neutral” rating and a $122.00 target price for the company. JPMorgan Chase & Co. decreased their target price on Sanderson Farms to $110.00 and set an “underweight” rating for the company in a research note on Friday, February 23rd. Finally, Morgan Stanley reissued a “hold” rating and issued a $115.00 target price (down from $140.00) on shares of Sanderson Farms in a research note on Tuesday, February 27th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $118.44.

Shares of Sanderson Farms opened at $100.96 on Friday, Marketbeat reports. Sanderson Farms has a 12 month low of $100.00 and a 12 month high of $176.43. The firm has a market cap of $2.42 billion, a P/E ratio of 8.21 and a beta of 0.49.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings data on Thursday, May 24th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.67). Sanderson Farms had a return on equity of 16.79% and a net margin of 8.20%. The company had revenue of $813.50 million for the quarter, compared to analyst estimates of $839.64 million. During the same period last year, the firm earned $2.94 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts anticipate that Sanderson Farms will post 9.18 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Cambria Investment Management L.P. bought a new stake in shares of Sanderson Farms in the first quarter valued at about $217,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Sanderson Farms in the fourth quarter valued at about $257,000. Quadrature Capital Ltd bought a new stake in shares of Sanderson Farms in the first quarter valued at about $222,000. Virtu Financial LLC bought a new stake in shares of Sanderson Farms in the fourth quarter valued at about $260,000. Finally, ETRADE Capital Management LLC lifted its holdings in shares of Sanderson Farms by 26.9% in the fourth quarter. ETRADE Capital Management LLC now owns 1,967 shares of the company’s stock valued at $273,000 after purchasing an additional 417 shares in the last quarter.

Sanderson Farms Company Profile

Sanderson Farms, Inc is a poultry processing company that engages in the production, processing, marketing and distribution of fresh, frozen, further processed and partially cooked chicken products. It operates through three divisions: Production, Processing, and Foods. The Production division refers to the production of chickens to the broiler stage.

Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

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