Sanderson Farms, Inc. (SAFM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) have received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $136.25.

A number of research analysts have weighed in on SAFM shares. Stephens lowered shares of Sanderson Farms from an “overweight” rating to an “equal weight” rating and set a $145.00 target price for the company. in a research report on Thursday, August 17th. J P Morgan Chase & Co reissued a “neutral” rating and set a $129.00 target price (up previously from $112.00) on shares of Sanderson Farms in a research report on Thursday, August 24th. BMO Capital Markets reissued a “market perform” rating and set a $150.00 target price (up previously from $130.00) on shares of Sanderson Farms in a research report on Friday, August 25th. Barclays set a $136.00 target price on shares of Sanderson Farms and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, ValuEngine raised shares of Sanderson Farms from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.

Several large investors have recently bought and sold shares of the company. Amalgamated Bank increased its holdings in shares of Sanderson Farms by 1.4% during the 2nd quarter. Amalgamated Bank now owns 2,748 shares of the company’s stock worth $318,000 after purchasing an additional 39 shares during the period. Advisor Group Inc. increased its holdings in shares of Sanderson Farms by 6.9% during the 2nd quarter. Advisor Group Inc. now owns 961 shares of the company’s stock worth $112,000 after purchasing an additional 62 shares during the period. Arizona State Retirement System increased its holdings in shares of Sanderson Farms by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 10,484 shares of the company’s stock worth $1,212,000 after purchasing an additional 100 shares during the period. Sei Investments Co. increased its holdings in shares of Sanderson Farms by 2.3% during the 2nd quarter. Sei Investments Co. now owns 6,058 shares of the company’s stock worth $701,000 after purchasing an additional 139 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Sanderson Farms by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,426 shares of the company’s stock worth $1,900,000 after purchasing an additional 170 shares during the period. Institutional investors own 99.88% of the company’s stock.

Sanderson Farms (NASDAQ:SAFM) opened at $167.64 on Thursday. The firm has a market cap of $3,773.75, a price-to-earnings ratio of 13.37 and a beta of 0.61. Sanderson Farms has a 52-week low of $84.30 and a 52-week high of $176.43.

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About Sanderson Farms

Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.

Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

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