Amira Nature Foods (ANFI) Rating Increased to Buy at Zacks Investment Research
Amira Nature Foods (NYSE:ANFI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $4.75 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.50% from the company’s current price.
According to Zacks, “Amira Nature Foods Ltd. provides packaged Indian specialty rice. The Company sells Basmati rice, premium long-grain rice under their flagship Amira brand as well as under other third party brands. It participates across the entire rice supply chain from the procurement of paddy to its storage, aging, processing into rice, packaging, distribution and marketing. Amira Nature Foods Ltd. is headquartered in Dubai, United Arab Emirates. “
Separately, Jefferies Group set a $8.00 price objective on Amira Nature Foods and gave the stock a “buy” rating in a research note on Sunday, October 29th.
Institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Amira Nature Foods by 34.7% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 27,200 shares of the company’s stock worth $146,000 after purchasing an additional 7,000 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of Amira Nature Foods during the 3rd quarter worth approximately $182,000. Wells Fargo & Company MN bought a new stake in shares of Amira Nature Foods during the 3rd quarter worth approximately $210,000. GSA Capital Partners LLP raised its stake in shares of Amira Nature Foods by 104.2% during the 2nd quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock worth $204,000 after purchasing an additional 18,800 shares in the last quarter. Finally, Nwam LLC raised its stake in shares of Amira Nature Foods by 21.7% during the 2nd quarter. Nwam LLC now owns 38,750 shares of the company’s stock worth $287,000 after purchasing an additional 6,900 shares in the last quarter. Institutional investors own 13.07% of the company’s stock.
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About Amira Nature Foods
Amira Nature Foods Ltd is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The Company sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. It also sells non-basmati rice.
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