Amira Nature Foods Ltd. given a $21.00 price target at Jefferies Group (ANFI)
Jefferies Group set a $21.00 price target on Amira Nature Foods Ltd (NYSE:ANFI) in a research note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a a buy rating on the stock.
Jefferies Group has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Foster Wheeler Ltd.. They issued a hold rating on that stock. Also, Jefferies Group raised its price target on shares of Methanex Corporation to $65.00. They have a buy rating on that stock.
Amira Nature Foods Ltd (NYSE:ANFI) traded down 0.12% on Tuesday, hitting $14.0132. The stock had a trading volume of 91,744 shares. Amira Nature Foods Ltd has a 52 week low of $6.25 and a 52 week high of $14.85. The stock’s 50-day moving average is $11.08 and its 200-day moving average is $8.84. The company has a market cap of $499.9 million and a P/E ratio of 19.96. Amira Nature Foods Ltd (NYSE:ANFI) last announced its earnings results on Monday, August 26th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.11. The company had revenue of $110.30 million for the quarter, compared to the consensus estimate of $98.84 million. Analysts expect that Amira Nature Foods Ltd will post $0.96 EPS for the current fiscal year.
A number of other firms have also recently commented on ANFI. Analysts at Deutsche Bank reiterated a buy rating on shares of Amira Nature Foods Ltd in a research note to investors on Wednesday, October 2nd. They now have a $15.00 price target on the stock, up previously from $13.00. Separately, analysts at KeyCorp raised their price target on shares of Amira Nature Foods Ltd from $12.00 to $15.00 in a research note to investors on Wednesday, September 18th. They now have a buy rating on the stock. Finally, analysts at Zacks upgraded shares of Amira Nature Foods Ltd from a neutral rating to an outperform rating in a research note to investors on Wednesday, August 28th. They now have a $9.60 price target on the stock. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of $14.52.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries.
About Amira Nature Foods
Founded in 1915, Amira has evolved into a leading global provider of packaged Indian specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third party brands. Amira sells its products primarily in emerging markets through a broad distribution network. Amira’s headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, the United Kingdom, and the United States.