BMO Capital Sticks to Its Hold Rating for Sanderson Farms

By Jason Carr

In a report released yesterday, Kenneth Zaslow from BMO Capital reiterated a Hold rating on Sanderson Farms (NASDAQ: SAFM), with a price target of $150. The company’s shares closed yesterday at $148.65.

According to, Zaslow is a 4-star analyst with an average return of 11.1% and a 67.9% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Monster Beverage Corp.

Currently, the analyst consensus on Sanderson Farms is Moderate Sell and the average price target is $133, representing a -10.5% downside.

In a report issued on October 2, Mizuho Securities also downgraded the stock to Hold with a $160 price target.

The company has a one-year high of $166.65 and a one-year low of $73.61. Currently, Sanderson Farms has an average volume of 512.3K.

Based on the recent corporate insider activity of 162 insiders, corporate insider sentiment is negative on the stock.

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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.