Amira Nature Foods Lowered to Underperform at Zacks (ANFI)
Amira Nature Foods (NYSE:ANFI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday. They currently have a $14.20 price objective on the stock. Zacks‘s target price points to a potential downside of 4.83% from the company’s current price.
Separately, 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.
Shares of Amira Nature Foods (NYSE:ANFI) traded up 2.01% during mid-day trading on Tuesday, hitting $15.22. 46,639 shares of the company’s stock traded hands. Amira Nature Foods has a 52-week low of $8.62 and a 52-week high of $25.00. The stock’s 50-day moving average is $14.02 and its 200-day moving average is $15.49. The company has a market cap of $546.3 million and a P/E ratio of 14.35.
Amira Nature Foods (NYSE:ANFI) last announced its earnings results 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. Analysts expect that Amira Nature Foods will post $1.35 EPS for the current fiscal year.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.
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