Raymond James reaffirmed their buy rating on shares of Village Farms International (NASDAQ:VFF) in a report published on Wednesday morning, TipRanks reports.
Several other equities research analysts also recently weighed in on VFF. ValuEngine upgraded Village Farms International from a hold rating to a buy rating in a report on Tuesday, June 23rd. Zacks Investment Research upgraded shares of Village Farms International from a hold rating to a buy rating and set a $6.75 target price on the stock in a research note on Thursday, June 11th. BidaskClub downgraded shares of Village Farms International from a buy rating to a hold rating in a research note on Saturday, June 20th. Stifel Nicolaus dropped their price objective on shares of Village Farms International from $20.00 to $15.00 and set a buy rating on the stock in a research report on Tuesday, May 19th. Finally, Alliance Global Partners restated a buy rating and issued a $14.00 price objective (up from $10.00) on shares of Village Farms International in a report on Monday, June 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Village Farms International presently has an average rating of Buy and an average target price of $11.13.
Shares of VFF opened at $5.10 on Wednesday. Village Farms International has a fifty-two week low of $2.07 and a fifty-two week high of $14.60. The firm’s 50 day moving average price is $5.45 and its 200 day moving average price is $4.53. The company has a market cap of $280.21 million and a P/E ratio of 127.50. The company has a quick ratio of 1.70, a current ratio of 2.46 and a debt-to-equity ratio of 0.20.
Village Farms International (NASDAQ:VFF) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Village Farms International had a net margin of 1.26% and a negative return on equity of 2.16%. The business had revenue of $32.11 million during the quarter, compared to the consensus estimate of $33.77 million. Research analysts forecast that Village Farms International will post 0.05 earnings per share for the current year.
In other news, CEO Michael A. Degiglio sold 151,796 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $6.25, for a total transaction of $948,725.00. Following the completion of the sale, the chief executive officer now owns 9,289,753 shares in the company, valued at approximately $58,060,956.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.40% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in VFF. ACG Wealth purchased a new stake in Village Farms International in the 4th quarter valued at $87,000. Goldman Sachs Group Inc. acquired a new position in Village Farms International in the fourth quarter valued at $141,000. Bank of America Corp DE raised its holdings in shares of Village Farms International by 6.2% in the fourth quarter. Bank of America Corp DE now owns 70,600 shares of the company’s stock valued at $440,000 after buying an additional 4,100 shares during the last quarter. Swiss National Bank boosted its stake in shares of Village Farms International by 7.8% during the first quarter. Swiss National Bank now owns 81,600 shares of the company’s stock worth $230,000 after buying an additional 5,900 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Village Farms International during the first quarter worth about $1,594,000. Hedge funds and other institutional investors own 13.89% of the company’s stock.
Village Farms International Company Profile
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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