How Jefferies Currently Rates Sanderson Farms (NASDAQ:SAFM)
Jefferies have initiated coverage on Sanderson Farms (NASDAQ:SAFM) shares recently in analysts report published on 16 December. The brokerage firm has decided to place a Underperform rating on SAFM stock.
From a total of 6 analysts covering Sanderson Farms Inc. (NASDAQ:SAFM) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is $95 while the lowest target price is $72. The mean of all analyst targets is $81.08 with a 4.79% above today’s ($73) stock price. Sanderson Farms Inc. was the topic of 6 analyst reports since August 26, 2015 according to the firm StockzIntelligence Inc. CLSA upgraded shares on December 3 to “Outperform” rating. Sidoti downgraded SAFM stock in a recent report from November 20 to “Neutral” rating.
Approximately 88,043 shares of stock traded hands. Sanderson Farms, Inc. (NASDAQ:SAFM) has declined 10.54% since May 13, 2015 and is downtrending. It has underperformed by 7.91% the S&P500.
Analysts await Sanderson Farms, Inc. (NASDAQ:SAFM) to reports earnings on December, 17. They expect $2.00 EPS, down 50.50% or $2.04 from last year’s $4.04 per share. SAFM’s profit will be $44.93M for 9.13 P/E if the $2.00 EPS becomes reality. After $2.27 actual EPS reported by Sanderson Farms, Inc. for the previous quarter, Wall Street now forecasts -11.89% negative EPS growth.
The overall sentiment of institutions has decreased to 0.76 in Q2 2015. Its down 0.13, from 0.89 in 2015Q2. The ratio dropped, as 37 institutions have sold all the shares of Sanderson Farms, Inc. that they owned while 102 funds have taken shares off the table. 29 funds have purchased shares for the first time while 76 added to their positions. These institutions now hold 21.41 million shares or 9.79% less than the 23.74 million shares they owned in 2015Q2.
The Fund Beach Point Capital Management Lp currently is holding shares equating to 9.92% of its total portfolio in Sanderson Farms, Inc. representing a total of 533,466 shares. Another fund,Corecommodity Management Llc, is holding a total of 78,361 shares equating to 4.95% of their holdings. Additionally, Zpr Investment Management has a 28,315 share stake in Sanderson Farms, Inc. which represents 2.37% of their total portfolio. The Fund, Euclidean Technologies Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 2.14% of their total portfolio. Finally Southernsun Asset Management Llc, a fund which is based in the state of Tennessee reported a total holdings of 1.02 million shares.
Sanderson Farms, Inc. is a poultry processing firm which is engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared chicken items. The company has a market cap of $1.64 billion. In addition, the Company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc. . It has 5.9 P/E ratio. It produces a range of processed chicken products and prepared chicken items.
According to Zacks Investment Research, “Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company sells ice pack, chill pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms7 brand name to retailers, distributors, and fast food operators principally in the southeastern, southwestern and western United States.”