DA Davidson Maintained Cal-Maine Foods (NASDAQ:CALM) As a “Buy”; They Now Have a PT Of $65

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Cal-Maine Foods (NASDAQ:CALM) Rating Reaffirmed

DA Davidson now has a $65 target on the $2.57B market cap company or 22.62% upside potential. In recent note sent to investors on 2 December, Cal-Maine Foods (NASDAQ:CALM) shares have had their “Buy” Rating has reaffirmed by analysts at DA Davidson.

The stock closed the day at $53.01 during the previous session. It is down 18.72% since April 29, 2015 and is uptrending. It has outperformed by 18.92% the S&P500.

Analysts await Cal-Maine Foods Inc (NASDAQ:CALM) to reports earnings on December, 22. They expect $3.21 EPS, up 322.37% or $2.45 from last year’s $0.76 per share. CALM’s profit will be $155.63 million for 4.13 P/E if the $3.21 EPS becomes reality. After $2.95 actual EPS reported by Cal-Maine Foods Inc for the previous quarter, Wall Street now forecasts 8.81% EPS growth.

Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. The company has a market cap of $2.57 billion. The Company’s primary business is the production, grading, packaging, marketing and distribution of shell eggs. It has 9.28 P/E ratio. The Firm sells its shell eggs in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.

According to Zacks Investment Research, “Cal-Maine Foods, Inc. is engaged in the production, cleaning, grading, and packaging of fresh shell eggs for sale to shell egg retailers. The company is the one of the largest producers and distributors of fresh shell eggs in the United States. The company markets its eggs primarily in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.” Get a free copy of the Zacks research report on Cal-Maine Foods Inc (CALM).

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