News coverage about Sanderson Farms (NASDAQ:SAFM) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sanderson Farms earned a news impact score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.5264313194889 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
A number of analysts recently weighed in on the stock. Buckingham Research decreased their price target on shares of Sanderson Farms from $111.00 to $104.00 and set a “hold” rating for the company in a research note on Wednesday, April 11th. Zacks Investment Research upgraded shares of Sanderson Farms from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 8th. Vertical Group upgraded shares of Sanderson Farms from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley reiterated a “hold” rating and set a $115.00 price target (down previously from $140.00) on shares of Sanderson Farms in a research note on Tuesday, February 27th. Finally, Barclays reiterated an “equal weight” rating on shares of Sanderson Farms in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $128.30.
SAFM stock opened at $112.58 on Monday. Sanderson Farms has a one year low of $107.09 and a one year high of $176.43. The firm has a market capitalization of $2,541.16, a PE ratio of 9.15 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 the Thomson Reuters’ consensus estimate of $1.31 by ($0.71). Sanderson Farms had a return on equity of 19.30% and a net margin of 8.96%. The firm had revenue of $771.90 million during the quarter, compared to analyst estimates of $764.22 million. During the same quarter last year, the business posted $1.02 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. equities research analysts expect that Sanderson Farms will post 9.54 earnings per share for the current fiscal year.
In other news, Director John Bierbusse sold 750 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were 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 in the company, valued at approximately $1,558,198.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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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