Amira Nature Foods Ltd Given “Buy” Rating at Jefferies Group (ANFI)
Amira Nature Foods Ltd (NYSE:ANFI)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a $14.00 price objective on the stock. Jefferies Group’s target price indicates a potential upside of 20.79% from the company’s current price.
A number of other analysts have also recently weighed in on ANFI. Analysts at KeyCorp raised their price target on shares of Amira Nature Foods Ltd (NYSE:ANFI) from $12.00 to $15.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Amira Nature Foods Ltd (NYSE:ANFI) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 28th. They now have a $9.60 price target on the stock. Finally, analysts at Thomson Reuters/Verus initiated coverage on shares of Amira Nature Foods Ltd (NYSE:ANFI) in a research note to investors on Monday, August 5th. They set a “buy” rating on the stock.
Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $12.65.
Shares of Amira Nature Foods Ltd (NYSE:ANFI) traded down 3.17% on Wednesday, hitting $11.59. 253,118 shares of the company’s stock traded hands. Amira Nature Foods Ltd has a one year low of $6.25 and a one year high of $12.46. The stock’s 50-day moving average is $8.80 and its 200-day moving average is $8.25. The company has a market cap of $413.5 million and a price-to-earnings ratio of 17.03.
Amira Nature Foods Ltd (NYSE:ANFI) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.11. The company had revenue of $110.30 million for the quarter, compared to the consensus estimate of $98.84 million. On average, analysts predict that Amira Nature Foods Ltd will post $0.95 earnings per share for the current fiscal year.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.