Raymond James Reiterates Outperform Rating for Village Farms International (NASDAQ:VFF)

Raymond James reiterated their outperform rating on shares of Village Farms International (NASDAQ:VFF) in a research note published on Monday, BayStreet.CA reports. Raymond James currently has a $11.00 price target on the stock.

Several other brokerages also recently weighed in on VFF. Roth Capital set a $29.00 target price on shares of Village Farms International and gave the company a buy rating in a research note on Tuesday, September 10th. Craig Hallum restated a buy rating and issued a $20.00 target price (down from $30.00) on shares of Village Farms International in a research note on Monday. Zacks Investment Research upgraded shares of Village Farms International from a sell rating to a hold rating in a research note on Saturday. Finally, Alliance Global Partners began coverage on shares of Village Farms International in a research note on Thursday, September 19th. They issued a buy rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Village Farms International presently has a consensus rating of Buy and a consensus price target of $16.94.

VFF stock traded up $0.19 during trading on Monday, hitting $6.28. 1,311,725 shares of the company’s stock traded hands, compared to its average volume of 1,047,838. The firm has a market capitalization of $331.16 million and a P/E ratio of -57.09. The business has a fifty day simple moving average of $7.88 and a two-hundred day simple moving average of $10.37. Village Farms International has a 1 year low of $2.93 and a 1 year high of $18.10.

Village Farms International (NASDAQ:VFF) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.23). The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $44.40 million. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Village Farms International will post 0.42 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp acquired a new stake in Village Farms International in the second quarter valued at approximately $42,000. CWM LLC acquired a new stake in Village Farms International in the second quarter valued at approximately $50,000. Certified Advisory Corp acquired a new stake in shares of Village Farms International during the second quarter worth $60,000. Toronto Dominion Bank lifted its stake in shares of Village Farms International by 32,788.0% during the second quarter. Toronto Dominion Bank now owns 8,222 shares of the company’s stock worth $94,000 after buying an additional 8,197 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Village Farms International during the third quarter worth $109,000. Institutional investors own 9.72% of the company’s stock.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.

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