S&W Seed Company’s “Outperform” Rating Reaffirmed at Zacks (SANW)
S&W Seed Company (NASDAQ:SANW)‘s stock had its “outperform” rating restated by Zacks in a research note issued to investors on Wednesday, AnalystRatings.NET reports. They currently have a $12.00 price objective on the stock. Zacks‘s price target would indicate a potential upside of 74.67% from the stock’s previous close.
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. .”
Shares of S&W Seed Company (NASDAQ:SANW) opened at 6.87 on Wednesday. S&W Seed Company has a one year low of $4.82 and a one year high of $9.42. The stock’s 50-day moving average is $7.46 and its 200-day moving average is $6.70. The company’s market cap is $79.3 million.
S&W Seed Company (NASDAQ:SANW) last released its earnings data on Wednesday, May 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Analysts expect that S&W Seed Company will post $0.07 EPS for the current fiscal year.
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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