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S&W Seed Company (NASDAQ:SANW)‘s stock had its “outperform” rating restated by Zacks in a report issued on Thursday, reports. They currently have a $12.00 price target on the stock. Zacks‘ target price indicates a potential upside of 77.25% 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. .”

S&W Seed Company (NASDAQ:SANW) traded up 0.15% during mid-day trading on Thursday, hitting $6.77. 64,277 shares of the company’s stock traded hands. S&W Seed Company has a 52-week low of $4.82 and a 52-week high of $11.40. The stock has a 50-day moving average of $6.52 and a 200-day moving average of $7.00. The company’s market cap is $78.3 million.

A number of other analysts have also recently weighed in on SANW. Analysts at Craig Hallum initiated coverage on shares of S&W Seed Company in a research note on Tuesday, January 21st. They set a “buy” rating on the stock. Analysts at Roth Capital initiated coverage on shares of S&W Seed Company in a research note on Tuesday, November 19th. They set a “buy” rating and a $10.00 price target on the stock. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $12.40.

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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