BMO Capital Reaffirms Their Hold Rating on Sanderson Farms

By Jason Carr

BMO Capital analyst Kenneth Zaslow reiterated a Hold rating on Sanderson Farms (NASDAQ: SAFM) yesterday and set a price target of $130. The company’s shares closed yesterday at $115.73.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 14.2% and a 78.9% 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 $107.50.

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.

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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.