Sanderson Farms (NASDAQ:SAFM)‘s stock had its “equal weight” rating restated by Barclays in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a $150.00 target price on the stock, up from their prior target price of $136.00. Barclays’ price objective would suggest a potential upside of 2.85% from the company’s current price.

Several other equities analysts also recently commented on SAFM. Mizuho downgraded shares of Sanderson Farms from a “buy” rating to a “neutral” rating and upped their price target for the company from $151.00 to $160.00 in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Sanderson Farms from a “strong sell” rating to a “hold” rating in a report on Thursday, December 7th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $129.00 price target (up from $112.00) on shares of Sanderson Farms in a report on Thursday, August 24th. KeyCorp assumed coverage on shares of Sanderson Farms in a report on Tuesday, October 31st. They set a “sector weight” rating on the stock. Finally, Stephens downgraded shares of Sanderson Farms from an “overweight” rating to an “equal weight” rating and set a $145.00 price target on the stock. in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $138.80.

Shares of Sanderson Farms (NASDAQ SAFM) traded down $21.79 during midday trading on Thursday, hitting $145.85. 2,091,400 shares of the stock traded hands, compared to its average volume of 452,838. The stock has a market cap of $3,320.00, a PE ratio of 13.51 and a beta of 0.61. Sanderson Farms has a 52-week low of $84.30 and a 52-week high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last announced its earnings results on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.50 by ($0.30). The business had revenue of $919.90 million for the quarter, compared to analysts’ expectations of $916.07 million. Sanderson Farms had a net margin of 8.77% and a return on equity of 22.21%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.36 earnings per share. equities research analysts predict that Sanderson Farms will post 12.76 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Advisor Group Inc. grew its stake in Sanderson Farms by 6.9% in the 2nd quarter. Advisor Group Inc. now owns 961 shares of the company’s stock worth $112,000 after acquiring an additional 62 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Sanderson Farms by 144.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,119 shares of the company’s stock worth $130,000 after acquiring an additional 662 shares in the last quarter. Strs Ohio grew its stake in Sanderson Farms by 180.0% in the 2nd quarter. Strs Ohio now owns 1,400 shares of the company’s stock worth $161,000 after acquiring an additional 900 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Sanderson Farms by 49.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,499 shares of the company’s stock worth $173,000 after acquiring an additional 499 shares in the last quarter. Finally, World Asset Management Inc bought a new position in Sanderson Farms in the 3rd quarter worth about $207,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

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Sanderson Farms Company Profile

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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