Amira Nature Foods Ltd. (ANFI) Raised to Buy at Vetr Inc.
Amira Nature Foods Ltd. (NYSE:ANFI) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $8.55 price objective on the stock. Vetr‘s target price points to a potential upside of 5.30% from the company’s previous close.
Separately, Jefferies Group initiated coverage on shares of Amira Nature Foods in a research note on Wednesday, September 21st. They issued a “buy” rating and a $13.00 price target for the company.
Amira Nature Foods (NYSE:ANFI) opened at 8.12 on Wednesday. Amira Nature Foods has a 1-year low of $4.38 and a 1-year high of $14.09. The firm’s 50 day moving average price is $7.68 and its 200-day moving average price is $7.78. The stock has a market cap of $290.79 million, a price-to-earnings ratio of 9.07 and a beta of -0.12.
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Several institutional investors have recently modified their holdings of the company. FMR LLC increased its position 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. Envestnet Asset Management Inc. purchased a new position in shares of Amira Nature Foods during the first quarter worth approximately $1,870,000. UBS Asset Management Americas Inc. purchased a new position in shares of Amira Nature Foods during the second quarter worth approximately $874,000. Nwam LLC increased its position 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, Jefferies Group LLC increased its position 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. Hedge funds and other institutional investors own 13.97% of the company’s stock.
About Amira Nature Foods
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.
To view Vetr’s full report, visit Vetr’s official website.
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