Village Farms International (NASDAQ:VFF) Given New $22.00 Price Target at Stifel Nicolaus

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.

Village Farms International (NASDAQ:VFF) last issued its earnings results on Tuesday, March 16th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.08. The company had revenue of $47.36 million for the quarter, compared to analysts’ expectations of $42.96 million. Village Farms International had a negative net margin of 1.66% and a negative return on equity of 4.93%. As a group, equities research analysts anticipate that Village Farms International will post 0.04 EPS for the current fiscal year.

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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