Vetr Inc. Downgrades Amira Nature Foods Ltd. (ANFI) to Hold
Amira Nature Foods Ltd. (NYSE:ANFI) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday. They currently have a $7.67 price objective on the stock. Vetr‘s price target points to a potential downside of 1.29% from the company’s previous close.
Separately, Jefferies Group started coverage on shares of Amira Nature Foods in a research report on Wednesday. They issued a “buy” rating and a $7.09 target price for the company.
Amira Nature Foods (NYSE:ANFI) traded up 9.59% during trading on Wednesday, reaching $7.77. The company had a trading volume of 324,883 shares. The firm’s 50 day moving average price is $7.71 and its 200 day moving average price is $8.13. Amira Nature Foods has a 12-month low of $3.95 and a 12-month high of $14.09. The firm has a market capitalization of $278.25 million, a PE ratio of 8.68 and a beta of -0.09.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/vetr-inc-downgrades-amira-nature-foods-ltd-anfi-to-hold.html
Large investors have recently modified their holdings of the stock. Jefferies Group LLC increased its stake in shares of Amira Nature Foods by 133.6% in the second quarter. Jefferies Group LLC now owns 26,577 shares of the company’s stock worth $197,000 after buying an additional 15,200 shares during the last quarter. FMR LLC increased its stake in shares of Amira Nature Foods by 1.7% in the second quarter. FMR LLC now owns 3,263,662 shares of the company’s stock worth $24,151,000 after buying an additional 54,300 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Amira Nature Foods during the second quarter worth about $874,000. Nwam LLC increased its stake in shares of Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock worth $287,000 after buying an additional 6,900 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Amira Nature Foods during the first quarter worth about $1,870,000. 13.97% of the stock is owned by hedge funds and other institutional investors.
Amira Nature Foods Company Profile
Amira Nature Foods Limited is a provider of branded packaged Indian specialty rice and other products. The Company sells its products primarily under the Amira brand name to retailers, as well as foodservice customers. The Company offers a portfolio of brands that includes various brands of oils, dairy products, snacks and ready-to-eat meals.
Receive News & Ratings for Amira Nature Foods Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amira Nature Foods Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.