Sanderson Farms (NASDAQ:SAFM) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Several other equities research analysts have also issued reports on SAFM. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a report on Tuesday, August 6th. Barclays set a $145.00 price target on shares of Sanderson Farms and gave the company a “hold” rating in a report on Friday, May 31st. Goldman Sachs Group upgraded shares of Sanderson Farms from a “sell” rating to a “neutral” rating and boosted their target price for the company from $81.00 to $131.00 in a research note on Tuesday, April 23rd. TheStreet upgraded shares of Sanderson Farms from a “c+” rating to a “b” rating in a research note on Friday, June 7th. Finally, Cleveland Research upgraded shares of Sanderson Farms from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $126.00.

Shares of Sanderson Farms stock opened at $140.63 on Tuesday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 46.57 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.42 and a quick ratio of 1.72. The firm has a fifty day simple moving average of $135.50. Sanderson Farms has a 52-week low of $93.98 and a 52-week high of $154.82.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.06. The firm had revenue of $845.23 million for the quarter, compared to analyst estimates of $846.70 million. Sanderson Farms had a negative net margin of 0.28% and a negative return on equity of 0.13%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 EPS. As a group, sell-side analysts forecast that Sanderson Farms will post 6.22 EPS for the current year.

Several large investors have recently modified their holdings of the company. Quadrant Capital Group LLC acquired a new position in Sanderson Farms during the 1st quarter worth about $26,000. Quantamental Technologies LLC acquired a new position in Sanderson Farms during the 1st quarter worth about $30,000. Advisory Services Network LLC lifted its position in Sanderson Farms by 711.8% during the 2nd quarter. Advisory Services Network LLC now owns 276 shares of the company’s stock worth $38,000 after buying an additional 242 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Sanderson Farms by 441.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 298 shares of the company’s stock worth $41,000 after buying an additional 243 shares in the last quarter. Finally, Oakworth Capital Inc. acquired a new position in Sanderson Farms during the 2nd quarter worth about $64,000. Institutional investors own 99.52% of the company’s stock.

Sanderson Farms Company Profile

Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets.

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Analyst Recommendations for Sanderson Farms (NASDAQ:SAFM)

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