Sanderson Farms was Downgraded to a Hold Rating at KeyBanc

By Austin Angelo

Sanderson Farms (NASDAQ: SAFM) received a Hold rating from KeyBanc analyst Brett Andress today. The company’s shares closed last Friday at $128.10, close to its 52-week high of $128.68.

According to, Andress is a 2-star analyst with an average return of 5.5% and a 66.7% success rate. Andress covers the Consumer Goods sector, focusing on stocks such as J & J Snack Foods, Post Holdings Inc, and Pilgrim’s Pride.

Currently, the analyst consensus on Sanderson Farms is Hold and the average price target is $113.33, representing a -11.5% downside.

In a report issued on June 6, Barclays also initiated coverage with a Hold rating on the stock with a $125 price target.

Sanderson Farms’ market cap is currently $2.91B and has a P/E ratio of 13.24. The company has a book value ratio of 2.2773.

Based on the recent corporate insider activity of 112 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. 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.