Village Farms International, Inc. (NASDAQ:VFF) Given Average Rating of “Buy” by Analysts

Shares of Village Farms International, Inc. (NASDAQ:VFF) have been given an average recommendation of “Buy” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $20.39.

Several research analysts have recently issued reports on the company. Raymond James set a $27.00 price objective on Village Farms International and gave the company a “strong-buy” rating in a research note on Tuesday, November 16th. Zacks Investment Research raised Village Farms International from a “sell” rating to a “hold” rating in a research note on Saturday, November 13th. BMO Capital Markets assumed coverage on Village Farms International in a research note on Monday, September 13th. They issued an “outperform” rating and a $16.00 price objective for the company. Cantor Fitzgerald raised Village Farms International from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $11.50 to $12.75 in a research note on Tuesday, November 9th. Finally, Stifel Nicolaus upped their price objective on Village Farms International from C$22.50 to C$23.00 and gave the company a “buy” rating in a research note on Monday, August 23rd.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in shares of Village Farms International in the 3rd quarter worth $1,715,000. Cetera Investment Advisers bought a new position in Village Farms International during the 3rd quarter valued at $160,000. UBS Group AG lifted its stake in Village Farms International by 93.3% during the 3rd quarter. UBS Group AG now owns 30,032 shares of the company’s stock valued at $251,000 after acquiring an additional 14,492 shares in the last quarter. LPL Financial LLC lifted its stake in Village Farms International by 7.3% during the 3rd quarter. LPL Financial LLC now owns 78,372 shares of the company’s stock valued at $654,000 after acquiring an additional 5,317 shares in the last quarter. Finally, Alberta Investment Management Corp increased its position in shares of Village Farms International by 7.7% during the 3rd quarter. Alberta Investment Management Corp now owns 33,500 shares of the company’s stock valued at $280,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors own 23.25% of the company’s stock.

Shares of VFF stock traded up $0.10 on Friday, reaching $7.36. The company had a trading volume of 599,754 shares, compared to its average volume of 1,662,712. The stock has a market capitalization of $630.80 million, a PE ratio of -183.95 and a beta of 3.38. The company has a quick ratio of 2.60, a current ratio of 3.10 and a debt-to-equity ratio of 0.16. Village Farms International has a one year low of $7.09 and a one year high of $20.32. The business’s 50-day moving average is $8.11 and its 200 day moving average is $9.10.

Village Farms International (NASDAQ:VFF) last posted its earnings results on Tuesday, November 9th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Village Farms International had a negative net margin of 1.71% and a negative return on equity of 0.57%. During the same period in the previous year, the company earned $0.01 earnings per share. On average, sell-side analysts forecast that Village Farms International will post -0.08 earnings per share for the current fiscal year.

About Village Farms International

Village Farms International, Inc engages in the management and operation of agricultural greenhouse facilities in United States and Canada. It operates through the following segments: Produce Business; Energy Business; and Cannabis. The Produce Business segment focuses in the production, marketing, and selling of product group which consists of tomatoes, bell peppers, and cucumber.

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Analyst Recommendations for Village Farms International (NASDAQ:VFF)

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