Sanderson Farms Inc. Reaches New 12-Month High at $76.56 (SAFM)
Sanderson Farms (NASDAQ:SAFM)’s share price reached a new 52-week high during trading hours on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $76.56 and last traded at $75.89, with a volume of 200,313 shares traded. The stock had previously closed at $72.71.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Sanderson Farms from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Credit Agricole initiated coverage on shares of Sanderson Farms in a research note to investors on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of Sanderson Farms from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 14th. They now have a $70.70 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Sanderson Farms has an average rating of “Hold” and an average target price of $68.68.
Sanderson Farms has a 52 week low of $48.71 and a 52 week high of $75.53. The stock has a 50-day moving average of $70.85 and a 200-day moving average of $68.36. The company has a market cap of $1.764 billion and a price-to-earnings ratio of 12.81.
Sanderson Farms (NASDAQ:SAFM) last released its earnings data on Tuesday, December 17th. The company reported $1.97 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.28 by $0.31. The company had revenue of $727.10 million for the quarter, compared to the consensus estimate of $726.38 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that Sanderson Farms will post $6.22 earnings per share for the current fiscal year.
Sanderson Farms, Inc is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products.
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