TheStreet Downgrades Seaboard Corp. to Hold (SEB)
Seaboard Corp. (NYSE:SEB) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Friday, Analyst Ratings Net reports.
The analysts wrote, “Seaboard Corporation (AMEX:SEB) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity.”
Seaboard Corp. (NYSE:SEB) traded down 1.50% on Friday, hitting $2547.30. 179 shares of the company’s stock traded hands. Seaboard Corp. has a one year low of $2391.03 and a one year high of $2948.24. The stock’s 50-day moving average is $2687. and its 200-day moving average is $2763.. The company has a market cap of $3.031 billion and a price-to-earnings ratio of 15.19.
Seaboard Corporation is a diverse global agribusiness and transportation company. In the United States, Seaboard is primarily engaged in pork production and processing and ocean transportation.
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