Amira Nature Foods Ltd. (ANFI) Raised to Buy at Vetr Inc.
Vetr upgraded shares of Amira Nature Foods Ltd. (NYSE:ANFI) from a sell rating to a buy rating in a research note released on Wednesday morning. The firm currently has $8.55 price target on the stock.
Separately, Jefferies Group assumed coverage on shares of Amira Nature Foods in a research report on Wednesday, September 21st. They set a buy rating and a $13.00 price objective for the company.
Amira Nature Foods (NYSE:ANFI) opened at 8.23 on Wednesday. The firm has a market capitalization of $294.72 million, a P/E ratio of 9.20 and a beta of -0.12. The stock’s 50 day moving average is $7.61 and its 200 day moving average is $7.85. Amira Nature Foods has a one year low of $4.38 and a one year high of $14.09.
Several large investors have recently added to or reduced their stakes in ANFI. Jefferies Group LLC raised its stake in Amira Nature Foods by 133.6% in the second quarter. Jefferies Group LLC now owns 26,577 shares of the company’s stock valued at $197,000 after buying an additional 15,200 shares during the period. Nwam LLC raised its stake in Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock valued at $287,000 after buying an additional 6,900 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in Amira Nature Foods during the second quarter valued at about $874,000. Envestnet Asset Management Inc. purchased a new stake in Amira Nature Foods during the first quarter valued at about $1,870,000. Finally, FMR LLC raised its stake in Amira Nature Foods by 1.7% in the second quarter. FMR LLC now owns 3,263,662 shares of the company’s stock valued at $24,151,000 after buying an additional 54,300 shares during the period. Hedge funds and other institutional investors own 13.97% of the company’s stock.
Amira Nature Foods Company Profile
Amira Nature Foods Limited is a provider of branded packaged Indian specialty rice and other products. The Company sells its products primarily under the Amira brand name to retailers, as well as foodservice customers. The Company offers a portfolio of brands that includes various brands of oils, dairy products, snacks and ready-to-eat meals.
To view Vetr’s full report, visit Vetr’s official website.
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