Brokerages Set Sanderson Farms, Inc. (SAFM) PT at $136.25
Sanderson Farms, Inc. (NASDAQ:SAFM) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $138.00.
Several research firms have recently issued reports on SAFM. Barclays reiterated an “equal weight” rating and issued a $150.00 price objective (up from $136.00) on shares of Sanderson Farms in a report on Thursday. Mizuho cut shares of Sanderson Farms from a “buy” rating to a “neutral” rating and increased their price objective for the company from $151.00 to $160.00 in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Sanderson Farms from a “strong sell” rating to a “hold” rating in a report on Thursday, December 7th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $129.00 price objective (up from $112.00) on shares of Sanderson Farms in a report on Thursday, August 24th. Finally, KeyCorp began coverage on shares of Sanderson Farms in a report on Tuesday, October 31st. They issued a “sector weight” rating for the company.
Sanderson Farms (NASDAQ SAFM) traded down $2.54 during midday trading on Thursday, reaching $143.31. 2,221,251 shares of the company’s stock traded hands, compared to its average volume of 525,486. Sanderson Farms has a 1 year low of $87.54 and a 1 year high of $176.43. The company has a market cap of $3,271.05, a PE ratio of 11.70 and a beta of 0.61.
Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings data on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.50 by ($0.30). The company had revenue of $919.90 million during the quarter, compared to the consensus estimate of $916.07 million. Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business earned $3.36 earnings per share. analysts anticipate that Sanderson Farms will post 10.66 EPS for the current year.
Large investors have recently modified their holdings of the stock. Aperio Group LLC boosted its holdings in Sanderson Farms by 28.6% during the third quarter. Aperio Group LLC now owns 22,899 shares of the company’s stock worth $3,699,000 after buying an additional 5,091 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Sanderson Farms by 18.0% during the second quarter. Prudential Financial Inc. now owns 412,379 shares of the company’s stock worth $47,691,000 after buying an additional 62,820 shares in the last quarter. Koch Industries Inc. bought a new stake in Sanderson Farms during the second quarter worth approximately $309,000. Legal & General Group Plc boosted its holdings in Sanderson Farms by 9.6% during the second quarter. Legal & General Group Plc now owns 40,443 shares of the company’s stock worth $4,681,000 after buying an additional 3,559 shares in the last quarter. Finally, Aull & Monroe Investment Management Corp bought a new stake in Sanderson Farms during the third quarter worth approximately $363,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.
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Sanderson Farms Company Profile
Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.
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