Farmer Bros. PT Raised to $20.00 (FARM)
Analysts at Roth Capital hoisted their price target on shares of Farmer Bros. (NASDAQ:FARM) from $17.00 to $20.00 in a research report issued to clients and investors on Thursday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Roth Capital’s price objective would indicate a potential upside of 26.98% from the stock’s previous close.
Shares of Farmer Bros. (NASDAQ:FARM) traded up 2.34% during mid-day trading on Thursday, hitting $15.75. The stock had a trading volume of 32,461 shares. Farmer Bros. has a one year low of $8.96 and a one year high of $16.90. The stock’s 50-day moving average is $14.7 and its 200-day moving average is $14.79. The company’s market cap is $245.7 million.
Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Wednesday, October 9th. The company reported ($0.19) earnings per share for the quarter. On average, analysts predict that Farmer Bros. will post $-0.24 earnings per share for the current fiscal year.
Farmer Bros. Co (NASDAQ:FARM) is a manufacturer, wholesaler and distributor of coffee, tea and culinary products.
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