Sanderson Farms (SAFM) Receiving Somewhat Positive Media Coverage, Analysis Shows
News headlines about Sanderson Farms (NASDAQ:SAFM) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sanderson Farms earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.481653815612 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- SafetyChain Software Achieves Sixth Consecutive Year of Record Growth (feeds.benzinga.com)
- Sanderson Farms, Inc. (SAFM) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Grabbing Street Attentions on Oversold Factor: Sanderson Farms, Inc. (SAFM) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- $772.55 Million in Sales Expected for Sanderson Farms, Inc. (SAFM) This Quarter (americanbankingnews.com)
- Sizzling Consumer Goods stock Alert- Sanderson Farms, Inc. (SAFM) – Nasdaq Fortune (press release) (nasdaqfortune.com)
A number of equities research analysts have recently commented on SAFM shares. Zacks Investment Research upgraded Sanderson Farms from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. cut Sanderson Farms from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $129.00 to $134.00 in a report on Friday, October 6th. BMO Capital Markets reiterated a “hold” rating and issued a $150.00 price objective on shares of Sanderson Farms in a report on Friday, October 13th. Stephens reiterated an “equal weight” rating and issued a $170.00 price objective (up from $145.00) on shares of Sanderson Farms in a report on Monday, September 25th. Finally, Morgan Stanley initiated coverage on Sanderson Farms in a report on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $137.80.
Shares of Sanderson Farms (SAFM) opened at $133.83 on Wednesday. Sanderson Farms has a twelve month low of $87.54 and a twelve month high of $176.43. The stock has a market capitalization of $3,050.00, a PE ratio of 10.88 and a beta of 0.61.
Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings data on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.50 by ($0.30). Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. The firm had revenue of $919.90 million during the quarter, compared to analyst estimates of $916.07 million. During the same quarter in the previous year, the firm posted $3.36 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. research analysts expect that Sanderson Farms will post 9.97 EPS for the current year.
In other Sanderson Farms news, Director Jones Gail Pittman sold 260 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $140.92, for a total value of $36,639.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.66% of the company’s stock.
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About Sanderson Farms
Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.
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