S&W Seed Company Given “Outperform” Rating at Zacks (SANW)
S&W Seed Company (NASDAQ:SANW)‘s stock had its “outperform” rating reiterated by Zacks in a note issued to investors on Thursday, Analyst Ratings Network.com reports. They currently have a $12.00 price objective on the stock. Zacks‘ price target points to a potential upside of 59.57% from the company’s current price.
Zacks‘ analyst wrote, “S&W Seed is a developer of drought and salt resistant alfalfa seed varieties. The company has unused processing capacity that, when utilized, provides significant operating earnings leverage. The recent addition of Round-Up Ready alfalfa seeds could have a significant impact on selling prices. The company now owns the international distributor of its seeds. S&W Seed has expanded the program to produce Stevia leaf to be used to make a natural, non-caloric sweetener. This is a rapidly growing market with a large potential for commercial development of varieties that will grow in California. The company has a five year sales contract with PureCircle, the world’s largest producer of Stevia sweeteners, for production quantities of dried Stevia leaf. Our recommendation remains as Outperform and our target price is $12.00. .”
Separately, analysts at Piper Jaffray Cos. cut their price target on shares of S&W Seed Company from $17.00 to $14.00 in a research note to investors on Thursday, October 10th. They now have an “overweight” rating on the stock.
S&W Seed Company (NASDAQ:SANW) traded up 3.44% on Thursday, hitting $7.52. 76,289 shares of the company’s stock traded hands. S&W Seed Company has a 52-week low of $5.66 and a 52-week high of $11.40. The stock has a 50-day moving average of $7.74 and a 200-day moving average of $8.61. The company’s market cap is $86.7 million.
S&W Seed Company (NASDAQ:SANW) last announced its earnings results on Monday, September 23rd. The company reported ($0.05) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.05). The company had revenue of $12.72 million for the quarter, compared to the consensus estimate of $12.50 million. During the same quarter last year, the company posted ($0.05) earnings per share.
S&W Seed Company (NASDAQ:SANW) is engaged in breeding, contracting to grow, processing and selling agricultural commodities, which primarily include alfalfa seed and, to a lesser extent, wheat.
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