Barclays (LON:BARC) analyst Benjamin Theurer maintained a Buy rating on Sanderson Farms (NASDAQ:SAFM) on Monday, setting a price target of $159, which is approximately 37.97% above the present share price of $115.24.
Theurer expects Sanderson Farms to post earnings per share (EPS) of $0.28 for the second quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Sanderson Farms, with an average price target of $142.17.
The analysts price targets range from a high of $159 to a low of $130.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $844.71 million and a net profit of -$38.24 million. The company's market cap is $2.55 billion.
According to TipRanks.com, Barclays analyst Benjamin Theurer is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.1% and a 50.00% success rate.
Sanderson Farms, Inc. is a poultry processing company, which engages in the production, processing, marketing, and distribution of fresh, frozen, further processed, and partially cooked chicken products. It operates through the following divisions: Production, Processing, and Foods. The Production division refers to the production of chickens to the broiler stage. The Processing division involves the processing, sale, and distribution of chickens. The Foods division comprises the processing, marketing, and distribution of prepared chicken items sold nationally and regionally. The firm offers its products under the brand Sanderson Farms. The company was founded by Dewey R. Sanderson, Dewey R. Sanderson, Jr. and Joe Frank Sanderson in 1947 and is headquartered in Laurel, MS.