Amira Nature Foods Ltd (ANFI) Given Average Recommendation of “Strong Buy” by Analysts

Amira Nature Foods Ltd (NYSE:ANFI) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price objective of $8.00 for the company and are anticipating that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Amira Nature Foods an industry rank of 243 out of 265 based on the ratings given to related companies.

A number of research analysts have recently issued reports on the stock. Jefferies Group reiterated a “buy” rating and issued a $8.00 target price on shares of Amira Nature Foods in a research note on Friday, January 26th. Zacks Investment Research cut shares of Amira Nature Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th.

Institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors acquired a new stake in shares of Amira Nature Foods in the third quarter valued at approximately $182,000. Wells Fargo & Company MN acquired a new stake in Amira Nature Foods during the 3rd quarter worth $210,000. GSA Capital Partners LLP grew its holdings in Amira Nature Foods by 104.2% during the 2nd quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock worth $204,000 after acquiring an additional 18,800 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Amira Nature Foods by 30.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock worth $566,000 after acquiring an additional 23,630 shares during the period. 13.07% of the stock is owned by institutional investors and hedge funds.

Amira Nature Foods (NYSE ANFI) opened at $4.04 on Thursday. Amira Nature Foods has a one year low of $3.85 and a one year high of $7.05.

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Amira Nature Foods Company Profile

Amira Nature Foods Ltd is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The Company sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. It also sells non-basmati rice.

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