Amira Nature Foods Ltd. (ANFI) Given Buy Rating at Jefferies Group
Amira Nature Foods Ltd. (NYSE:ANFI)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research report issued to clients and investors on Wednesday.
The analysts wrote, “TEN’s leading Clean Air division should benefit from continued rollout of global emissions regulations of criteria pollutants while aftermarket Ride Performance likely remains an outperformer due to favorable industry fundamentals. However, we believe overweight NA light truck exposure could lead to decelerating growth as the US market appears at peak levels and light truck comps are increasingly high. We initiate with a Hold rating. Leading beneficiary of the “other” global emissions regulation. TEN’s Clean Air division ($6B annualized sales ~ 70% of net rev.) should continue to outpace global production due to increasingly stringent regulations of criteria pollutants. SCR and particulate filters have contributed to 8.4% annual Clean Air segment value-add revenue growth since 2010 (5-year CAGR) well ahead of global production of 3.3%. We believe the rollout of more stringent emissions in US and European markets beginning in 2017 (US Tier 3, Euro-6c) and phased in through 2027 will drive continued segment outperformance (est.””
Separately, Vetr downgraded Amira Nature Foods from a “strong-buy” rating to a “hold” rating and set a $7.67 target price on the stock. in a research report on Wednesday, September 21st.
Amira Nature Foods (NYSE:ANFI) traded down 3.417% during midday trading on Wednesday, reaching $7.688. The company’s stock had a trading volume of 84,606 shares. The stock’s 50 day moving average price is $7.89 and its 200-day moving average price is $7.63. Amira Nature Foods has a one year low of $6.38 and a one year high of $14.09. The stock has a market cap of $275.31 million, a price-to-earnings ratio of 8.590 and a beta of -0.06.
A number of large investors have recently bought and sold shares of ANFI. FMR LLC raised 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 valued at $24,151,000 after buying an additional 54,300 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Amira Nature Foods during the third quarter valued at approximately $3,041,000. Envestnet Asset Management Inc. acquired a new stake in Amira Nature Foods during the first quarter valued at approximately $1,870,000. UBS Asset Management Americas Inc. raised its stake in Amira Nature Foods by 11.5% in the third quarter. UBS Asset Management Americas Inc. now owns 131,742 shares of the company’s stock valued at $1,093,000 after buying an additional 13,608 shares during the last quarter. Finally, Morgan Stanley raised its stake in Amira Nature Foods by 994.6% in the third quarter. Morgan Stanley now owns 101,831 shares of the company’s stock valued at $846,000 after buying an additional 92,528 shares during the last quarter. 14.09% of the stock is currently owned by institutional investors.
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.