Amira Nature Foods Ltd. (ANFI) Rating Lowered to Sell at Vetr Inc.
Amira Nature Foods Ltd. (NYSE:ANFI) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday. They presently have a $7.67 price target on the stock. Vetr‘s price target would indicate a potential downside of 7.92% from the stock’s previous close.
Separately, Jefferies Group assumed coverage on Amira Nature Foods in a report on Wednesday, September 21st. They issued a “buy” rating and a $13.00 price objective on the stock.
Shares of Amira Nature Foods (NYSE:ANFI) opened at 8.33 on Tuesday. Amira Nature Foods has a one year low of $4.38 and a one year high of $14.09. The stock has a market capitalization of $298.31 million, a P/E ratio of 9.31 and a beta of -0.09. The stock has a 50 day moving average price of $7.61 and a 200 day moving average price of $7.94.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANFI. Nwam LLC boosted its position 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 in the last quarter. Jefferies Group LLC raised its stake 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. FMR LLC raised its stake 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. UBS Asset Management Americas Inc. purchased a new stake in shares of Amira Nature Foods during the second quarter worth about $874,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Amira Nature Foods during the first quarter worth about $1,870,000. 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.
Receive News & Stock Ratings for Amira Nature Foods Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amira Nature Foods Ltd. and related stocks with our FREE daily email newsletter.