Amira Nature Foods Price Target Raised to $18.00 at Jefferies Group (ANFI)
Research analysts at Jefferies Group upped their price objective on shares of Amira Nature Foods (NYSE:ANFI) from $16.00 to $18.00 in a report released on Friday. Jefferies Group’s target price would suggest a potential upside of 4.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Amira Nature Foods from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $14.20 price target on the stock. 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.
Amira Nature Foods (NYSE:ANFI) traded up 6.10% on Friday, hitting $17.22. 671,604 shares of the company’s stock traded hands. Amira Nature Foods has a 52-week low of $9.30 and a 52-week high of $25.00. The stock has a 50-day moving average of $14.29 and a 200-day moving average of $15.47. The company has a market cap of $618.1 million and a P/E ratio of 15.61.
Amira Nature Foods (NYSE:ANFI) last announced its earnings results on Thursday, August 28th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.10. The company had revenue of $138.81 million for the quarter, compared to the consensus estimate of $131.07 million. During the same quarter last year, the company posted $0.21 earnings per share. Amira Nature Foods’s revenue was up 25.9% 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.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.
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