Zacks: Analysts Set $8.00 Target Price for Amira Nature Foods Ltd (ANFI)
Shares of Amira Nature Foods Ltd (NYSE:ANFI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $8.00 for the company and are anticipating that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned Amira Nature Foods an industry rank of 99 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently issued reports on ANFI shares. Zacks Investment Research upgraded Amira Nature Foods from a “strong sell” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Tuesday, December 12th. Jefferies Group reissued a “buy” rating and set a $8.00 target price on shares of Amira Nature Foods in a report on Friday, January 26th.
Several hedge funds have recently bought and sold shares of ANFI. Nationwide Fund Advisors acquired a new position in shares of Amira Nature Foods during the 3rd quarter worth approximately $182,000. Wells Fargo & Company MN acquired a new position in shares of Amira Nature Foods during the 3rd quarter worth approximately $210,000. Spark Investment Management LLC acquired a new position in shares of Amira Nature Foods during the 4th quarter worth approximately $292,000. Pinnacle Associates Ltd. increased its holdings in shares of Amira Nature Foods by 7.6% during the 4th quarter. Pinnacle Associates Ltd. now owns 216,839 shares of the company’s stock worth $904,000 after acquiring an additional 15,382 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Amira Nature Foods by 4.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 357,321 shares of the company’s stock worth $1,490,000 after acquiring an additional 16,357 shares during the last quarter. 15.91% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Set $8.00 Target Price for Amira Nature Foods Ltd (ANFI)” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/zacks-analysts-set-8-00-target-price-for-amira-nature-foods-ltd-anfi/1954528.html.
About Amira Nature Foods
Amira Nature Foods Ltd is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The Company sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. It also sells non-basmati rice.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Amira Nature Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amira Nature Foods and related companies with MarketBeat.com's FREE daily email newsletter.