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Looking Ahead: Sanderson Farms' Fiscal 3Q16 Results

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Part 5
Looking Ahead: Sanderson Farms' Fiscal 3Q16 Results PART 5 OF 5

Wall Street Analysts’ Recommendations for Sanderson Farms

What to expect from Sanderson Farms

Sanderson Farms (SAFM) is trading at $93.17 as of August 18. In this part, we’ll see what Wall Street analysts’ target prices are for the next 12 months as well as their recommendations. The results show that 25% of analysts rate Sanderson Farms as a “buy,” 38% rate it as a “hold,” and 38% rate it as a “’sell.”

Wall Street Analysts’ Recommendations for Sanderson Farms

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Consensus rating for Sanderson Farms

The average broker target price for Sanderson Farms is $89.17. The company beat estimates by 4% as of August 18.

The target prices for Sanderson Farms’ peers are as follows:

  • Pilgrim’s Pride (PPC) has a target price of $26.5 and a return potential of 13%.
  • Tyson Foods (TSN) has a target price of $83.10 and a return potential of 11%.
  • Hormel Foods (HRL) has a target price of $40.11 and a return potential of 8%.

The Guggenheim S&P Smallcap 600 Pure Value ETF (RZV) and the SPDR Dow Jones Small Cap Value ETF (SLYV) invest 1.1% of their holdings in Sanderson Farms.

Analysts’ recommendations

Stephens gave Sanderson Farm the highest target price of $108, respectively. This represents a 16% rise from the closing price of $93.17 on August 18, 2016. Stephens rated the stock as a “strong buy.” Sidoti & Company also gave an optimistic target price of $98 to Sanderson Farm. This is 5% higher than the closing price on August 18.

Consumer Edge Research assigned Sanderson Farms the lowest target price of $59 and rated it as a “strong sell.” This is 37% lower than the closing price on August 18, 2016. Others who rate the stock as a “hold” are Sidoti & Company, J.P. Morgan, and BMO Capital Markets. Goldman Sachs and Jefferies rate the stock as a “strong sell.”

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