Smithfield Foods, Inc. (NASDAQ:SFD) Receives $31.50 Average Price Target from Brokerages

Smithfield Foods, Inc. (NASDAQ:SFDGet Free Report) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.50.

Several equities research analysts recently issued reports on the stock. Zacks Research cut shares of Smithfield Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 13th. Bank of America decreased their target price on shares of Smithfield Foods from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Barclays dropped their price target on shares of Smithfield Foods from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings restated a “buy (b)” rating on shares of Smithfield Foods in a report on Friday, July 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $32.00 price target on shares of Smithfield Foods in a research report on Wednesday, August 12th.

Get Our Latest Analysis on Smithfield Foods

Smithfield Foods Stock Performance

NASDAQ SFD opened at $22.25 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.34 and a current ratio of 2.56. The stock’s fifty day moving average is $24.72 and its two-hundred day moving average is $25.57. The firm has a market capitalization of $8.76 billion, a P/E ratio of 8.30 and a beta of -0.44. Smithfield Foods has a fifty-two week low of $21.08 and a fifty-two week high of $29.81.

Smithfield Foods (NASDAQ:SFDGet Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Smithfield Foods had a return on equity of 15.55% and a net margin of 6.84%.The business had revenue of $3.70 billion during the quarter. During the same period last year, the business earned $0.55 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts anticipate that Smithfield Foods will post 2.45 earnings per share for the current year.

Smithfield Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.25 annualized dividend and a yield of 5.6%. Smithfield Foods’s dividend payout ratio (DPR) is 46.64%.

Institutional Investors Weigh In On Smithfield Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SFD. Altshuler Shaham Ltd purchased a new position in shares of Smithfield Foods during the 4th quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Smithfield Foods in the 2nd quarter valued at about $29,000. Raymond James Financial Inc. purchased a new stake in Smithfield Foods in the 2nd quarter valued at about $29,000. Oakworth Capital Inc. acquired a new position in Smithfield Foods in the fourth quarter valued at about $31,000. Finally, Group One Trading LLC acquired a new position in Smithfield Foods in the first quarter valued at about $31,000.

About Smithfield Foods

(Get Free Report)

Smithfield Foods, Inc (NASDAQ: SFD) is one of the world’s largest pork processors and hog producers. Founded in 1936 in Smithfield, Virginia, the company has grown from a regional ham producer into a fully integrated food company offering a broad range of fresh pork, value-added meats and prepared foods. Its product portfolio includes bacon, ham, sausage, ribs and deli meats marketed under well-known brands such as Smithfield®, Nathan’s Famous® and Eckrich®.

Smithfield operates a network of hog production facilities, processing plants and distribution centers across the United States, Europe and Latin America.

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Analyst Recommendations for Smithfield Foods (NASDAQ:SFD)

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