Seneca Foods (NASDAQ:SENEA) Raised to Strong-Buy at Freedom Capital

Seneca Foods (NASDAQ:SENEA – Get Free Report) was upgraded by research analysts at Freedom Capital to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on SENEA. Wall Street Zen downgraded Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

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Read Our Latest Analysis on SENEA

Seneca Foods Price Performance

Shares of SENEA stock opened at $140.45 on Wednesday. The firm has a fifty day moving average of $145.52 and a two-hundred day moving average of $128.40. The firm has a market cap of $950.43 million, a P/E ratio of 10.80 and a beta of -0.03. Seneca Foods has a 1-year low of $85.20 and a 1-year high of $167.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.34 and a quick ratio of 0.72.

Institutional Trading of Seneca Foods

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Seneca Foods by 22.6% during the first quarter. Royal Bank of Canada now owns 429 shares of the company’s stock valued at $65,000 after buying an additional 79 shares in the last quarter. Empowered Funds LLC raised its position in Seneca Foods by 8.1% in the first quarter. Empowered Funds LLC now owns 31,394 shares of the company’s stock worth $4,744,000 after acquiring an additional 2,354 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Seneca Foods by 160.8% in the 1st quarter. Quantinno Capital Management LP now owns 9,287 shares of the company’s stock valued at $1,403,000 after acquiring an additional 5,726 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Seneca Foods by 30.9% during the 1st quarter. Lazard Asset Management LLC now owns 57,470 shares of the company’s stock valued at $8,685,000 after purchasing an additional 13,564 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Seneca Foods during the 1st quarter valued at about $212,000. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Company Profile

(Get Free Report)

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.

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