BMO Capital Remains a Hold on Sanderson Farms

By Carrie Williams

In a report released yesterday, Kenneth Zaslow from BMO Capital reiterated a Hold rating on Sanderson Farms (NASDAQ: SAFM), with a price target of $105. The company’s shares closed yesterday at $113.47, close to its 52-week high of $116.76.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 12.5% and a 79.2% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Monster Beverage Corp.

Sanderson Farms has an analyst consensus of Hold, with a price target consensus of $95.

Sanderson Farms’ market cap is currently $2.58B and has a P/E ratio of 12.83. The company has a book value ratio of 2.1261.

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Sanderson Farms, Inc. is a poultry processing company that engages in the production, processing, marketing and distribution of fresh, frozen, further processed and partially cooked chicken products. It operates through the following business 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 company was founded by Dewey R. Sanderson, Dewey R. Sanderson, Jr. and Joe Frank Sanderson in 1947 and is headquartered in Laurel, MS.