Amira Nature Foods Upgraded to “Neutral” at Zacks (ANFI)
Amira Nature Foods (NYSE:ANFI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $14.00 price objective on the stock. Zacks‘s price target points to a potential upside of 2.56% from the stock’s previous close.
Amira Nature Foods (NYSE:ANFI) traded down 3.15% on Wednesday, hitting $13.22. The stock had a trading volume of 388,711 shares. Amira Nature Foods has a 52-week low of $7.44 and a 52-week high of $25.00. The stock has a 50-day moving average of $13.62 and a 200-day moving average of $16.4. The company has a market cap of $379.1 million and a price-to-earnings ratio of 13.12.
Amira Nature Foods (NYSE:ANFI) last issued its quarterly earnings data on Monday, June 16th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.14. The company had revenue of $186.60 million for the quarter, compared to the consensus estimate of $162.20 million. During the same quarter last year, the company posted $0.24 earnings per share. Amira Nature Foods’s revenue was up 33.1% compared to the same quarter last year. On average, analysts predict that Amira Nature Foods will post $1.35 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ANFI. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Amira Nature Foods in a research note on Monday, June 2nd. They now have a $16.00 price target on the stock, down previously from $18.00. Analysts at Jefferies Group downgraded shares of Amira Nature Foods from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd. They now have a $15.00 price target on the stock, down previously from $25.00.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.
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