Sanderson Farms Receives a Hold from BMO Capital

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 $130. The company’s shares closed yesterday at $120.05.

According to, Zaslow is a 5-star analyst with an average return of 13.3% and a 80.4% 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 Hold and the average price target is $120.50, representing a 0.4% upside.

In a report issued on June 12, KeyBanc also downgraded the stock to Hold.

Based on Sanderson Farms’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $802 million and quarterly net profit of $65.93 million. In comparison, last year the company earned revenue of $692 million and had a net profit of $46.87 million.

Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Michael D. Cockrell, the Treas. & CFO of SAFM sold 5,619 shares for a total of $582,774.

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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.