Sanderson Farms (NASDAQ: SAFM) issued its quarterly earnings data on Thursday. The company reported ($0.31) earnings per share for the quarter. The company had revenue of $605.43 million for the quarter, compared to the consensus estimate of $559.30 million.
A number of research firms have also recently commented on SAFM. Analysts at Zacks upgraded shares of Sanderson Farms from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $56.00 price target on the stock. Analysts at TheStreet upgraded shares of Sanderson Farms from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, February 12th.
Two analysts have rated the stock with a buy rating, three have given a hold rating, and one has given a sell rating to the stock. The stock currently has a consensus rating of “hold” and a consensus target price of $49.20.
Sanderson Farms (SAFM) opened at 52.02 on Thursday. Sanderson Farms (SAFM) has a 1-year low of $36.11 and a 1-year high of $55.87. The stock’s 50-day moving average is currently $50.55. The company has a market cap of $1.195 billion and a price-to-earnings ratio of 22.15.
Sanderson Farms, Inc. (Sanderson Farms) is a fully integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products.
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