Zacks: Brokerages Set $8.00 Target Price for Amira Nature Foods Ltd (ANFI)

Shares of Amira Nature Foods Ltd (NYSE:ANFI) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $8.00 for the company and are predicting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned Amira Nature Foods an industry rank of 248 out of 265 based on the ratings given to its competitors.

Several research analysts have issued reports on ANFI shares. Zacks Investment Research upgraded shares of Amira Nature Foods from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Thursday, January 11th. Jefferies Group reiterated a “buy” rating and set a $8.00 target price on shares of Amira Nature Foods in a report on Tuesday, September 26th.

Large investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors bought a new stake in shares of Amira Nature Foods in the 3rd quarter valued at about $182,000. Wells Fargo & Company MN bought a new stake in shares of Amira Nature Foods in the 3rd quarter valued at about $210,000. GSA Capital Partners LLP boosted its holdings in shares of Amira Nature Foods by 104.2% in the 2nd quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock valued at $204,000 after buying an additional 18,800 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Amira Nature Foods by 30.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock valued at $566,000 after buying an additional 23,630 shares in the last quarter. Institutional investors and hedge funds own 13.01% of the company’s stock.

Shares of Amira Nature Foods (NYSE:ANFI) traded down $0.02 during trading on Friday, reaching $4.04. 149,401 shares of the company’s stock traded hands, compared to its average volume of 191,870. Amira Nature Foods has a one year low of $4.00 and a one year high of $7.05. The company has a market cap of $166.41, a PE ratio of 4.75 and a beta of -0.26.

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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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