Media headlines about Sanderson Farms (NASDAQ:SAFM) have trended somewhat positive on Sunday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sanderson Farms earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.3179752645484 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several equities research analysts have recently weighed in on SAFM shares. Barclays set a $135.00 price objective on Sanderson Farms and gave the company a “hold” rating in a report on Sunday, February 25th. BMO Capital Markets reissued a “market perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Sanderson Farms in a report on Friday, February 23rd. Zacks Investment Research downgraded Sanderson Farms from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. BidaskClub downgraded Sanderson Farms from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Buckingham Research began coverage on Sanderson Farms in a report on Wednesday, February 21st. They set a “neutral” rating and a $122.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $130.10.
Sanderson Farms stock traded down $0.02 during midday trading on Friday, reaching $113.51. The company’s stock had a trading volume of 357,016 shares, compared to its average volume of 441,774. Sanderson Farms has a fifty-two week low of $104.25 and a fifty-two week high of $176.43. The company has a market cap of $2,592.11, a P/E ratio of 9.23 and a beta of 0.49.
Sanderson Farms (NASDAQ:SAFM) last released its earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.71). Sanderson Farms had a net margin of 8.96% and a return on equity of 19.30%. The business had revenue of $771.90 million during the quarter, compared to analyst estimates of $764.22 million. During the same period last year, the business posted $1.02 EPS. Sanderson Farms’s revenue was up 12.1% compared to the same quarter last year. equities analysts anticipate that Sanderson Farms will post 9.62 EPS for the current fiscal year.
In other Sanderson Farms news, Director John Bierbusse sold 750 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $120.38, for a total value of $90,285.00. Following the completion of the sale, the director now owns 12,944 shares of the company’s stock, valued at $1,558,198.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.30% of the stock is currently owned by company insiders.
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About Sanderson Farms
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 pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form 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 in the export markets.
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