Amira Nature Foods Ltd Price Target Increased to $15.00 by Analysts at KeyCorp (ANFI)
Equities researchers at KeyCorp upped their price objective on shares of Amira Nature Foods Ltd (NYSE:ANFI) from $12.00 to $15.00 in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. KeyCorp’s target price points to a potential upside of 29.42% from the company’s current price.
Amira Nature Foods Ltd (NYSE:ANFI) traded down 3.17% on Wednesday, hitting $11.59. The stock had a trading volume of 253,118 shares. Amira Nature Foods Ltd has a one year low of $6.25 and a one year high of $12.46. The stock has a 50-day moving average of $8.80 and a 200-day moving average of $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 posted its quarterly earnings results on Monday, August 26th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Amira Nature Foods Ltd will post $0.95 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Amira Nature Foods Ltd (NYSE:ANFI) in a research note to investors on Tuesday, August 27th. They now have a $14.00 price target on the stock, up previously from $13.00. 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 research analysts have rated the stock with a buy rating, Amira Nature Foods Ltd has an average rating of “Buy” and a consensus target price of $12.65.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.
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