S&W Seed Company’s “Outperform” Rating Reaffirmed at Zacks (SANW)
S&W Seed Company (NASDAQ: SANW)‘s stock had its “outperform” rating reiterated by Zacks in a note issued to investors on Tuesday. They currently have a $10.00 target price on the stock.
Zacks‘ analyst wrote, “S&W Seed is a developer of drought and salt resistant alfalfa seed varieties. The company has unused processing capacity that, when utilized, provides significant operating earnings leverage. The recent addition of Round-Up Ready alfalfa seeds could have a significant impact on selling prices. The company now owns the international distributor of its seeds. S&W Seed has expanded the program to produce Stevia leaf to be used to make a natural, non-caloric sweetener. This is a rapidly growing market with a large potential for commercial development of varieties that will grow in California. The company has a five year sales contract with PureCircle, the world’s largest producer of Stevia sweeteners, for production quantities of dried Stevia leaf. Our recommendation remains as Outperform and our target price is now $10.00. .”
S&W Seed Company traded up 1.89% on Tuesday, hitting $10.76. S&W Seed Company has a 52-week low of $4.43 and a 52-week high of $11.00. The stock’s 50-day moving average is currently $8.63. The company’s market cap is $83.9 million.
A number of other analysts have also recently weighed in on SANW. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of S&W Seed Company in a research note to investors on Monday. They now have a $17.00 price target on the stock, up previously from $14.00. Separately, analysts at Feltl & Co. initiated coverage on shares of S&W Seed Company in a research note to investors on Thursday, February 7th. They set a “buy” rating and a $8.88 price target on the stock.
S&W Seed Company (S&W Seed) is engaged in breeding, contracting to grow, processing and selling agricultural commodities, which primarily include alfalfa seed and, to a lesser extent, wheat.
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