Brokers Change Their Target Price On Sanderson Farms, Inc. (NASDAQ:SAFM)

After a recent check, it is observed that the insiders for the firm now own 4.20% shares.

Nuance Investments Llc decreased Sanderson Farms Inc (SAFM) stake by 50.76% reported in 2017Q2 SEC filing. It turned negative, as 35 investors sold SAFM shares while 94 reduced holdings.

08/25/2017 - Sanderson Farms, Inc. had its "market perform" rating reiterated by analysts at BMO Capital Markets. Vanguard Group Inc. lifted its position in shares of Sanderson Farms by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 1,804,867 shares of the company's stock worth $187,418,000 after buying an additional 122,658 shares during the last quarter.

In other Sanderson Farms news, Director Phil K. Livingston sold 1,700 shares of Sanderson Farms stock in a transaction on Monday, March 6th. They now have a United States dollars 142 price target on the stock. Currently, 22.68 million total shares are owned by the public and among those 20 million shares have been available to trade. Strs Ohio grew its holdings in Sanderson Farms by 180.0% during the 2nd quarter. The fund owned 55,511 shares of the company's stock after selling 2,399 shares during the period.

A number of research firms recently issued reports on SAFM. Sanderson Farms presently has an average rating of "Hold" and a consensus price target of $127.73. Stephens downgraded shares of Sanderson Farms from an "overweight" rating to an "equal weight" rating and set a $145.00 target price for the a report on Thursday, August 17th. Mizuho assumed coverage on Sanderson Farms in a research note on Wednesday, June 7th. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best. ValuEngine raised shares of Sanderson Farms from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 1st. KeyCorp raised Sanderson Farms from a "sector weight" rating to an "overweight" rating and set a $120.00 price objective for the company in a report on Monday, March 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. The RSI is computed based on the speed and direction of a stock's price movement. Sanderson Farms has a 52 week low of $74.07 and a 52 week high of $106.08. (NASDAQ:SAFM) earned "Buy" rating by CLSA on Thursday, August 18. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 11.72 and a beta of 0.34. The stock was sold at an average price of $138.03, for a total value of $86,268.75.

Sanderson Farms (NASDAQ:SAFM) last issued its quarterly earnings data on Thursday, February 23rd. Sanderson Farms had a net margin of 6.71% and a return on equity of 16.94%. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 105%. During the same quarter past year, the firm posted $2.42 EPS. The value of the total investment in Sanderson Farms, Inc. went from $2,371,000 to $5,351,000 a change of $2,980,000 for the reporting period. Investors of record on Tuesday, October 3rd will be paid a dividend of $0.32 per share. Its down 0.52, from 1.44 in 2017Q1. Matarin Management Lc owns 0% invested in Sanderson Farms, Inc.

Checking in on some other technical levels, the 14-day RSI is now at 69.67, the 7-day stands at 64.53, and the 3-day is sitting at 26.70.

ILLEGAL ACTIVITY NOTICE: "Schwab Charles Investment Management Inc". Raises Holdings in Sanderson Farms, Inc. "(SAFM)" was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune.

TRADEMARK VIOLATION WARNING: This piece was posted by Week Herald and is the property of of Week Herald. The legal version of this article can be viewed at Also, Director Robert C. Khayat sold 1,210 shares of Sanderson Farms stock in a transaction on Friday, February 24th. The shares were purchased at an average price of $144.96. The Director now owns $3,177,337 of the stock per the Form 4 SEC filing. Perhaps, that suggests something about why 99.55% of the outstanding share supply is held by institutional investors. The shares were sold on August 25th for an average price of $137.47.

ATR value of company was 3.90 and Relative Strength Index (RSI) was 72.14. Fred L. Jr Banks, Director disclosed the sale of 3,000 shares. In the most recent session, shares touched a high point of 0.096, while dipping down to 0.095.

Ratings analysis reveals 67% of Sanderson Farms's analysts are positive. 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.

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