Several other analysts also recently commented on VFF. Roth Capital lowered their target price on shares of Village Farms International from $16.00 to $10.00 in a report on Thursday, April 2nd. Stifel Nicolaus lowered their target price on shares of Village Farms International from $20.00 to $15.00 and set a buy rating for the company in a report on Tuesday, May 19th. Raymond James increased their target price on shares of Village Farms International from $11.00 to $14.00 and gave the company an outperform rating in a report on Friday, July 24th. Zacks Investment Research downgraded shares of Village Farms International from a buy rating to a hold rating in a report on Tuesday, July 21st. Finally, Craig Hallum lowered their target price on shares of Village Farms International from $15.00 to $10.00 and set a buy rating for the company in a report on Thursday, April 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $11.63.
VFF opened at $6.09 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.70 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $5.34 and its two-hundred day moving average price is $4.48. Village Farms International has a 1-year low of $2.07 and a 1-year high of $14.60. The company has a market cap of $343.48 million and a price-to-earnings ratio of 152.25.
Village Farms International (NASDAQ:VFF) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Village Farms International had a net margin of 1.26% and a negative return on equity of 2.16%. The firm had revenue of $32.11 million for the quarter, compared to the consensus estimate of $33.77 million. As a group, equities analysts forecast that Village Farms International will post 0.05 earnings per share for the current fiscal year.
In related news, CEO Michael A. Degiglio sold 151,796 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $6.25, for a total transaction of $948,725.00. Following the completion of the transaction, the chief executive officer now owns 9,289,753 shares in the company, valued at $58,060,956.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. 20.40% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. UBS Group AG boosted 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 worth $40,000 after purchasing an additional 4,537 shares during the period. Certified Advisory Corp boosted its position in Village Farms International by 76.2% during the second quarter. Certified Advisory Corp now owns 9,250 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares during the period. GWM Advisors LLC bought a new position in Village Farms International during the second quarter worth about $68,000. Raymond James Financial Services Advisors Inc. bought a new position in Village Farms International during the second quarter worth about $71,000. Finally, Formidable Asset Management LLC boosted its position in Village Farms International by 91.1% during the first quarter. Formidable Asset Management LLC now owns 31,150 shares of the company’s stock worth $89,000 after purchasing an additional 14,850 shares during the period. Hedge funds and other institutional investors own 13.70% of the company’s stock.
Village Farms International Company Profile
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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