Village Farms International (NASDAQ:VFF) had its price target dropped by stock analysts at Stifel Nicolaus from $23.00 to $22.00 in a report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 153.02% from the company’s current price.
A number of other research firms have also recently commented on VFF. Raymond James set a $26.00 price objective on Village Farms International and gave the company a “strong-buy” rating in a research report on Wednesday. Craig Hallum lowered their price objective on shares of Village Farms International from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday. Cantor Fitzgerald cut their target price on shares of Village Farms International from $11.00 to $8.70 and set a “neutral” rating for the company in a research report on Tuesday. Zacks Investment Research cut shares of Village Farms International from a “hold” rating to a “sell” rating in a report on Thursday, April 29th. Finally, Roth Capital boosted their price objective on shares of Village Farms International from $13.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, January 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.21.
Shares of NASDAQ VFF opened at $8.70 on Thursday. The firm’s 50-day moving average price is $11.65 and its 200-day moving average price is $11.77. Village Farms International has a 52-week low of $3.02 and a 52-week high of $20.32. The company has a market cap of $705.96 million, a PE ratio of -173.87 and a beta of 4.02. The company has a quick ratio of 3.34, a current ratio of 4.00 and a debt-to-equity ratio of 0.15.
In other Village Farms International news, CFO Stephen C. Ruffini sold 70,000 shares of the stock in a transaction that occurred on Wednesday, April 14th. The shares were sold at an average price of $11.60, for a total transaction of $812,000.00. Following the completion of the sale, the chief financial officer now directly owns 369,200 shares of the company’s stock, valued at approximately $4,282,720. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John R. Mclernon sold 8,000 shares of the business’s stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $13.29, for a total transaction of $106,320.00. Following the completion of the transaction, the director now directly owns 31,000 shares in the company, valued at approximately $411,990. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.
Several institutional investors have recently modified their holdings of VFF. AdvisorShares Investments LLC lifted its position in shares of Village Farms International by 214.3% in the first quarter. AdvisorShares Investments LLC now owns 4,316,296 shares of the company’s stock worth $57,105,000 after buying an additional 2,942,955 shares in the last quarter. ETF Managers Group LLC increased its position in Village Farms International by 62.7% in the fourth quarter. ETF Managers Group LLC now owns 4,100,896 shares of the company’s stock worth $41,583,000 after purchasing an additional 1,580,985 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in Village Farms International by 40.3% during the first quarter. Monarch Partners Asset Management LLC now owns 1,015,668 shares of the company’s stock valued at $13,437,000 after purchasing an additional 291,749 shares in the last quarter. Penserra Capital Management LLC raised its stake in Village Farms International by 224.7% during the first quarter. Penserra Capital Management LLC now owns 882,316 shares of the company’s stock valued at $11,673,000 after purchasing an additional 610,606 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new position in Village Farms International during the first quarter valued at $9,642,000. Hedge funds and other institutional investors own 14.24% of the company’s stock.
About Village Farms International
Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through three segments: Produce Business, Energy Business, and Cannabis and Hemp Business. The company also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority; and produces and supplies cannabis products.
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