B. Riley Cuts S&W Seed (SANW) Price Target to $5.50
S&W Seed (NASDAQ:SANW) had its price target cut by B. Riley from $6.50 to $5.50 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. B. Riley’s price objective suggests a potential upside of 50.68% from the stock’s current price.
Several other equities analysts have also commented on the stock. ValuEngine upgraded shares of S&W Seed from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Noble Financial initiated coverage on shares of S&W Seed in a research report on Wednesday, January 24th. They set a “buy” rating and a $7.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $5.30.
Shares of S&W Seed (NASDAQ:SANW) traded down $0.20 during trading hours on Friday, hitting $3.65. 22,299 shares of the company were exchanged, compared to its average volume of 41,900. S&W Seed has a 12-month low of $2.90 and a 12-month high of $5.20. The company has a current ratio of 1.16, a quick ratio of 0.36 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $82.13, a price-to-earnings ratio of -5.37 and a beta of -0.79.
Several institutional investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. lifted its holdings in shares of S&W Seed by 151.9% in the 3rd quarter. B. Riley Financial Inc. now owns 398,190 shares of the company’s stock worth $1,272,000 after acquiring an additional 240,136 shares during the last quarter. Old West Investment Management LLC bought a new stake in shares of S&W Seed in the 3rd quarter worth about $824,000. Finally, Teton Advisors Inc. bought a new stake in shares of S&W Seed in the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 61.35% of the company’s stock.
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S&W Seed Company Profile
S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.
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