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Sanderson Farms (NASDAQ: SAFM) was downgraded by KeyBanc from a “buy” rating to a “hold” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on the stock. Analysts at Stephens upgraded shares of Sanderson Farms from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, May 31st. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Sanderson Farms in a research note to investors on Wednesday, May 29th. They now have a $70.00 price target on the stock, up previously from $49.00. Finally, analysts at Zacks upgraded shares of Sanderson Farms from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, April 26th. They now have a $62.50 price target on the stock.

Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $61.17.

Sanderson Farms (NASDAQ: SAFM) traded down 1.55% on Tuesday, hitting $67.78. Sanderson Farms has a 52-week low of $36.11 and a 52-week high of $59.44. The stock’s 50-day moving average is currently $55.38. The company has a market cap of $1.560 billion and a price-to-earnings ratio of 28.53.

Sanderson Farms (NASDAQ: SAFM) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.35. The company had revenue of $621.20 million for the quarter, compared to the consensus estimate of $610.93 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Sanderson Farms will post $5.44 EPS for the current fiscal year.

Sanderson Farms, Inc. (NASDAQ: SAFM) is a fully integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products.

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