Smart (NYSE:SFS) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.81.
A number of research firms have recently weighed in on SFS. Wells Fargo & Company began coverage on shares of Smart in a report on Friday, November 3rd. They issued an “outperform” rating and a $9.00 target price on the stock. Zacks Investment Research downgraded shares of Smart from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Citigroup Inc. restated a “neutral” rating and issued a $8.50 target price (down from $10.00) on shares of Smart in a report on Friday, August 11th. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 target price on shares of Smart in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Smart from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
In other Smart news, SVP Michael A. Mortensen sold 19,304 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $7.59, for a total value of $146,517.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of $6.95 per share, with a total value of $34,750.00. Following the completion of the transaction, the director now owns 20,140 shares in the company, valued at $139,973. The disclosure for this purchase can be found here. 8.47% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC purchased a new stake in shares of Smart in the 2nd quarter worth approximately $125,000. JPMorgan Chase & Co. purchased a new stake in shares of Smart in the 3rd quarter worth approximately $150,000. Trexquant Investment LP purchased a new stake in shares of Smart in the 2nd quarter worth approximately $157,000. California Public Employees Retirement System purchased a new stake in shares of Smart in the 2nd quarter worth approximately $165,000. Finally, American International Group Inc. raised its stake in shares of Smart by 7.1% during the 1st quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after acquiring an additional 940 shares in the last quarter.
TRADEMARK VIOLATION WARNING: “Analysts Set Smart (SFS) Price Target at $12.81” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/11/11/analysts-set-smart-sfs-price-target-at-12-81.html.
Smart (SFS) traded up $0.20 during trading on Monday, hitting $7.25. 410,000 shares of the stock were exchanged, compared to its average volume of 513,685. Smart has a 12-month low of $5.80 and a 12-month high of $15.45. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.32 and a current ratio of 0.99. The company has a market cap of $521.84, a P/E ratio of 22.74, a PEG ratio of 1.22 and a beta of 0.25.
Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.
Receive News & Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related companies with MarketBeat.com's FREE daily email newsletter.