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Farmer Bros. (NASDAQ:FARM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, American Banking News reports. They currently have a $24.40 price objective on the stock. Zacks‘s price target would suggest a potential upside of 15.64% from the stock’s previous close.

Farmer Bros. (NASDAQ:FARM) traded down 1.68% on Tuesday, hitting $21.10. The stock had a trading volume of 72,170 shares. Farmer Bros. has a one year low of $13.07 and a one year high of $24.33. The stock has a 50-day moving average of $19.89 and a 200-day moving average of $20.65. The company has a market cap of $349.4 million and a P/E ratio of 55.17.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.05. On average, analysts predict that Farmer Bros. will post $0.82 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.

To view Zacks’ full report, visit Zacks’ official website.

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