Sanderson Farms (NASDAQ:SAFM) Hold Rating Reconfirmed Today By CFRA; The Price Target Given is $108.0000

May 27, 2018 - By Nellie Frank

Sanderson Farms, Inc. (NASDAQ:SAFM) Logo

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.17, from 0.87 in 2017Q3. It is positive, as 32 investors sold Sanderson Farms, Inc. shares while 91 reduced holdings. 45 funds opened positions while 83 raised stakes. 23.31 million shares or 6.24% more from 21.94 million shares in 2017Q3 were reported.

5,871 were reported by Alphamark Advsrs Ltd Liability. D E Shaw & Inc stated it has 0% in Sanderson Farms, Inc. (NASDAQ:SAFM). Sg Americas Securities Limited Liability Corp invested in 6,510 shares or 0.01% of the stock. Jpmorgan Chase And accumulated 196,706 shares. The New Jersey-based Prudential Finance has invested 0.09% in Sanderson Farms, Inc. (NASDAQ:SAFM). Hennessy Incorporated has invested 0.85% in Sanderson Farms, Inc. (NASDAQ:SAFM). Moreover, Gotham Asset Mngmt Ltd Liability Corporation has 0.42% invested in Sanderson Farms, Inc. (NASDAQ:SAFM) for 210,051 shares. Vanguard Grp Inc Inc has invested 0.01% in Sanderson Farms, Inc. (NASDAQ:SAFM). Wellington Management Gru Limited Liability Partnership reported 292,164 shares stake. Amer Int accumulated 54,567 shares. Liberty Mutual Grp Asset Mngmt Inc has invested 0.02% in Sanderson Farms, Inc. (NASDAQ:SAFM). Metropolitan Life Ins Company Ny has invested 0.02% in Sanderson Farms, Inc. (NASDAQ:SAFM). Citadel Ltd Liability Co reported 0% stake. National Bank Of Mellon Corporation holds 0.01% or 260,340 shares. Riverhead Capital Mngmt Ltd Llc accumulated 1,883 shares.

Since February 23, 2018, it had 0 insider purchases, and 1 sale for $90,285 activity.

Sanderson Farms (NASDAQ:SAFM) Rating Reaffirmed

Equities researchers at CFRA now has a $108.0000 TP on Sanderson Farms (NASDAQ:SAFM). CFRA and their recent TP means a potential upside of 6.97 % from the company’s last stock close price. The rating has been released in an analyst note on Thursday morning.

Sanderson Farms, Inc. (NASDAQ:SAFM) Ratings Coverage

Among 7 analysts covering Sanderson Farms (NASDAQ:SAFM), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Sanderson Farms has $140.0 highest and $95 lowest target. $115.33’s average target is 14.23% above currents $100.96 stock price. Sanderson Farms had 13 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of Sanderson Farms, Inc. (NASDAQ:SAFM) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, February 27. The firm has “Buy” rating by Vertical Group given on Wednesday, February 28. BMO Capital Markets maintained it with “Market Perform” rating and $95 target in Friday, May 25 report. The firm has “Equal-Weight” rating given on Monday, February 26 by Barclays Capital. Mizuho maintained Sanderson Farms, Inc. (NASDAQ:SAFM) on Thursday, February 22 with “Hold” rating. As per Friday, December 15, the company rating was maintained by BMO Capital Markets. Stephens maintained it with “Hold” rating and $130.0 target in Thursday, February 22 report. Mizuho maintained Sanderson Farms, Inc. (NASDAQ:SAFM) on Monday, April 23 with “Hold” rating. The stock has “Market Perform” rating by BMO Capital Markets on Friday, February 23. As per Friday, May 25, the company rating was maintained by Buckingham Research.

The stock decreased 4.77% or $5.06 during the last trading session, reaching $100.96. About 1.82M shares traded or 286.97% up from the average. Sanderson Farms, Inc. (NASDAQ:SAFM) has risen 19.74% since May 27, 2017 and is uptrending. It has outperformed by 8.19% the S&P500.

Sanderson Farms, Inc., an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company has market cap of $2.31 billion. The firm sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to clients who resell frozen chicken in the export markets. It has a 7.49 P/E ratio. The Company’s prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items for distributors and food service establishments.

More notable recent Sanderson Farms, Inc. (NASDAQ:SAFM) news were published by: Seekingalpha.com which released: “Sanderson Farms: Buy Signal Getting Closer” on May 04, 2018, also Streetinsider.com with their article: “Pre-Open Movers 05/24: (BW) (SMRT) (WSM) Higher; (REPH) (QUIK) (MLNT) Lower (more…)” published on May 24, 2018, Benzinga.com published: “25 Stocks Moving In Thursday’s Pre-Market Session” on May 24, 2018. More interesting news about Sanderson Farms, Inc. (NASDAQ:SAFM) were released by: Benzinga.com and their article: “Earnings Scheduled For May 24, 2018” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Weak pricing impacts Sanderson Farms” with publication date: May 24, 2018.

Sanderson Farms, Inc. (NASDAQ:SAFM) Institutional Positions Chart

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