Village Farms International (NASDAQ:VFF) Stock Price Up 6.9%

Village Farms International (NASDAQ:VFF) rose 6.9% during trading on Monday . The stock traded as high as $7.28 and last traded at $7.25, approximately 1,049,300 shares were traded during mid-day trading. An increase of 0% from the average daily volume of 1,049,283 shares. The stock had previously closed at $6.78.

VFF has been the topic of several recent research reports. Roth Capital set a $29.00 price objective on Village Farms International and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Craig Hallum initiated coverage on Village Farms International in a research note on Tuesday, July 23rd. They issued a “buy” rating on the stock. Zacks Investment Research raised Village Farms International from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research note on Saturday. Finally, Alliance Global Partners initiated coverage on Village Farms International in a research note on Thursday, September 19th. They issued a “buy” rating on the stock.

The firm has a 50 day moving average price of $9.50 and a 200 day moving average price of $11.00. The stock has a market cap of $334.53 million and a P/E ratio of -65.91.

Village Farms International (NASDAQ:VFF) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $41.33 million during the quarter, compared to the consensus estimate of $46.59 million. Equities research analysts predict that Village Farms International will post 0.56 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank raised its stake in Village Farms International by 32,788.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,222 shares of the company’s stock valued at $94,000 after purchasing an additional 8,197 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Village Farms International by 17.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,601 shares of the company’s stock valued at $167,000 after buying an additional 2,201 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in Village Farms International during the 2nd quarter valued at approximately $180,000. Jane Street Group LLC purchased a new position in Village Farms International during the 2nd quarter valued at approximately $212,000. Finally, Morgan Stanley grew its holdings in Village Farms International by 77.3% during the 2nd quarter. Morgan Stanley now owns 860,694 shares of the company’s stock valued at $9,846,000 after buying an additional 375,161 shares in the last quarter. 8.96% of the stock is currently owned by institutional investors.

Village Farms International Company Profile (NASDAQ:VFF)

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.

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