Raymond James set a $14.00 price target on Village Farms International (NASDAQ:VFF) in a report released on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other brokerages also recently weighed in on VFF. Craig Hallum dropped their price objective on Village Farms International from $15.00 to $10.00 and set a buy rating on the stock in a research report on Thursday, April 2nd. Roth Capital lowered their price target on Village Farms International from $16.00 to $10.00 in a report on Thursday, April 2nd. Alliance Global Partners reissued a buy rating and issued a $14.00 price target (up previously from $10.00) on shares of Village Farms International in a report on Monday, June 8th. Stifel Nicolaus lowered their price target on Village Farms International from $20.00 to $15.00 and set a buy rating for the company in a report on Tuesday, May 19th. Finally, Zacks Investment Research downgraded Village Farms International from a buy rating to a hold rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $11.63.
Shares of VFF stock opened at $6.09 on Thursday. Village Farms International has a 1-year low of $2.07 and a 1-year high of $14.60. The stock’s 50-day moving average is $5.34 and its 200 day moving average is $4.48. The company has a market cap of $343.48 million and a P/E ratio of 152.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.46 and a quick ratio of 1.70.
Village Farms International (NASDAQ:VFF) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Village Farms International had a negative return on equity of 2.16% and a net margin of 1.26%. The company had revenue of $32.11 million for the quarter, compared to the consensus estimate of $33.77 million. On average, analysts anticipate that Village Farms International will post 0.05 EPS for the current year.
In other news, CEO Michael A. Degiglio sold 151,796 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $6.25, for a total value of $948,725.00. Following the completion of the transaction, the chief executive officer now directly owns 9,289,753 shares in the company, valued at $58,060,956.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in VFF. Credit Suisse AG raised its position in Village Farms International by 192.0% during the fourth quarter. Credit Suisse AG now owns 40,552 shares of the company’s stock valued at $253,000 after acquiring an additional 26,666 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Village Farms International during the fourth quarter valued at approximately $141,000. Bank of America Corp DE raised its position in Village Farms International by 6.2% during the fourth quarter. Bank of America Corp DE now owns 70,600 shares of the company’s stock valued at $440,000 after acquiring an additional 4,100 shares in the last quarter. Jane Street Group LLC purchased a new position in Village Farms International during the fourth quarter valued at approximately $260,000. Finally, UBS Group AG raised its position in Village Farms International by 47.9% during the first quarter. UBS Group AG now owns 14,001 shares of the company’s stock valued at $40,000 after acquiring an additional 4,537 shares in the last quarter. Institutional investors own 13.70% of the company’s stock.
About Village Farms International
Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.
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