Smithfield Foods Stock Rating Lowered by Davenport (SFD)

Share on StockTwits

Smithfield Foods (NYSE: SFD) was downgraded by equities research analysts at Davenport from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.

A number of other analysts have also recently weighed in on SFD. Analysts at Credit Suisse raised their price target on shares of Smithfield Foods from $31.00 to $34.00 in a research note to investors on Friday, May 31st. Separately, analysts at Stephens downgraded shares of Smithfield Foods to an “equal weight” rating in a research note to investors on Thursday, May 30th. Finally, analysts at BMO Capital Markets downgraded shares of Smithfield Foods from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, May 30th. They now have a $34.00 price target on the stock, up previously from $28.00.

Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.11.

Smithfield Foods (NYSE: SFD) traded up 0.14% on Thursday, hitting $32.855. Smithfield Foods has a 1-year low of $17.55 and a 1-year high of $33.96. The stock’s 50-day moving average is currently $28.26. The company has a market cap of $4.559 billion and a price-to-earnings ratio of 21.47.

Smithfield Foods (NYSE: SFD) last posted its quarterly earnings results on Friday, June 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.22. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. Analysts expect that Smithfield Foods will post $2.00 EPS for the current fiscal year.

Smithfield Foods, Inc. produces and markets a variety of fresh meat and packaged meats products both domestically and internationally.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Russia Key Interest Rate Lowered to 14%
Russia Key Interest Rate Lowered to 14%
Dollar General Posts Weak Outlook, Starts Dividend
Dollar General Posts Weak Outlook, Starts Dividend
Samsung Has Share Forecast Increased by Citigroup
Samsung Has Share Forecast Increased by Citigroup
Urban Outfitters Revenue and Earnings Beat Estimates
Urban Outfitters Revenue and Earnings Beat Estimates
General Motors Plans Share Buyback Avoids Proxy Fight
General Motors Plans Share Buyback Avoids Proxy Fight
Apple Joins Dow, AT&T Booted Off
Apple Joins Dow, AT&T Booted Off


Leave a Reply

Advertisement
Advertisement
© 2006-2015 Ticker Report. Google+.