Amira Nature Foods Ltd. (ANFI) Downgraded to “Hold” at Vetr Inc.
Amira Nature Foods Ltd. (NYSE:ANFI) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They presently have a $8.55 target price on the stock. Vetr‘s price target indicates a potential upside of 1.54% from the stock’s current price.
Separately, Jefferies Group began coverage on shares of Amira Nature Foods in a report on Wednesday, September 21st. They issued a “buy” rating and a $13.00 price objective for the company.
Shares of Amira Nature Foods (NYSE:ANFI) traded up 2.93% during midday trading on Tuesday, reaching $8.42. 121,297 shares of the company were exchanged. The firm’s 50 day moving average is $7.80 and its 200-day moving average is $7.72. The company has a market capitalization of $301.53 million, a PE ratio of 9.41 and a beta of -0.12. Amira Nature Foods has a 52-week low of $4.38 and a 52-week high of $14.09.
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Large investors have recently bought and sold shares of the stock. Jefferies Group LLC boosted its stake in 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. Nwam LLC boosted its stake in 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. UBS Asset Management Americas Inc. bought a new stake in Amira Nature Foods during the second quarter worth about $874,000. Envestnet Asset Management Inc. bought a new stake in Amira Nature Foods during the first quarter worth about $1,870,000. Finally, FMR LLC boosted its stake in 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. Institutional investors own 13.90% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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