Zacks Investment Research upgraded shares of S&W Seed (NASDAQ:SANW) from a hold rating to a buy rating in a report published on Friday morning, Zacks.com reports. Zacks Investment Research currently has $2.75 price target on the stock.
According to Zacks, “S&W Seed Company is engaged in breeding, contracting to grow, processing and selling agricultural commodities, which primarily include alfalfa seed and, to a lesser extent, wheat. Alfalfa seed varieties grow in warm climates and can thrive on poor, saline (salty) soils. The Company sells the seed primarily to dealers and distributors who, in turn, sell primarily to hay and dairy farmers who grow hay for dairy cattle and other livestock. S&W Seed Company is headquartered in Five Points, California. “
A number of other equities analysts have also recently weighed in on SANW. ValuEngine raised shares of S&W Seed from a hold rating to a buy rating in a research report on Thursday. National Securities reaffirmed a buy rating on shares of S&W Seed in a research report on Friday, May 10th.
Shares of NASDAQ SANW opened at $2.69 on Friday. The firm has a market cap of $89.52 million, a PE ratio of -12.23 and a beta of 0.50. S&W Seed has a twelve month low of $1.81 and a twelve month high of $3.55. The company has a current ratio of 1.59, a quick ratio of 0.34 and a debt-to-equity ratio of 0.12.
S&W Seed (NASDAQ:SANW) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. The company had revenue of $18.18 million for the quarter, compared to analysts’ expectations of $13.00 million. S&W Seed had a negative net margin of 14.26% and a negative return on equity of 9.19%. As a group, equities analysts anticipate that S&W Seed will post -0.34 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new stake in S&W Seed in the 1st quarter valued at $33,000. Charles Schwab Investment Management Inc. bought a new stake in S&W Seed in the 1st quarter valued at $45,000. First Manhattan Co. bought a new stake in S&W Seed in the 1st quarter valued at $182,000. Prescott Group Capital Management L.L.C. bought a new stake in S&W Seed in the 4th quarter valued at $246,000. Finally, Neuberger Berman Group LLC bought a new stake in S&W Seed in the 1st quarter valued at $266,000. 77.30% of the stock is currently owned by institutional investors and hedge funds.
About S&W Seed
S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa seeds. The company sells its seeds to distributors and dealers in approximately 30 countries worldwide. S&W Seed Company was founded in 1980 and is headquartered in Sacramento, California.
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