A number of firms have modified their ratings and price targets on shares of Amira Nature Foods Ltd (NASDAQ: ANFI) recently:

  • Amira Nature Foods Ltd is now covered by analysts at Jefferies Group. They set a “buy” rating and a $11.00 price target on the stock. They wrote, “We are initiating coverage of basmati rice company Amira with a Buy rating and $11 PT. We see ANFI as an appealing opportunity to invest in a fast growing int’l packaged food co. that has ambitious growth goals. The co. should benefit from the exploitation of geographic white space opportunities, the trend to more ethnic eating in developed markets and uptrading in emerging markets. JEF was lead-manager in ANFI’s IPO last month.”
  • Amira Nature Foods Ltd is now covered by analysts at Deutsche Bank. They set a “buy” rating and a $13.00 price target on the stock. They wrote, “As a rapidly growing company focused on its brand and the global basmati rice market, we expect strong volume, EBIT and EPS performance. We see the stock’s (post IPO) valuation as too low vs. typical packaged food as well as small cap, fast growing CPG companies. … The company’s LT goals incl: sales growth 20%+, $150 mil+ EBITDA, EPS growth 30%+. While our LT expectations are more modest, we establish F2013 (end Mar), F2014, F2015 EPS of $0.65, $0.88 and $1.10, respectively. We look to continued volume, gross profit and EBIT dollar growth as success measures.”
  • Amira Nature Foods Ltd is now covered by analysts at KeyBanc. They set a “buy” rating and a $12.00 price target on the stock. They wrote, “We are initiating coverage of Amira Nature Foods Ltd. (ANFI-NYSE) with a BUY rating and $12 price target. We consider ANFI a growth company with a strong return profile competing in an attractive basmati rice category that has above average growth potential. ANFI’s sales and EBIT have grown at a CAGR of roughly 30% and 40%,respectively, over the last five years. Even more impressive is the fact that all of its growth has been organic.”
  • Amira Nature Foods Ltd is now covered by analysts at KeyBanc. They set a “buy” rating and a $12.00 price target on the stock.
  • Amira Nature Foods Ltd is now covered by analysts at UBS AG. They set a “buy” rating and a $12.00 price target on the stock.

Shares of Amira Nature Foods Ltd opened at 7.65 on Tuesday. Amira Nature Foods Ltd has a one year low of $7.45 and a one year high of $9.57. The company has a market cap of $272.8 million and a P/E ratio of 7.36.

Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.