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Sanderson Farms, Inc. (NASDAQ:SAFM) target price raised to $103.00, reported today by DA Davidson

Yesterday Sanderson Farms, Inc. (NASDAQ:SAFM) traded -4.32% lower at $92.21. The company’s 50-day moving average is $95.02 and its 200-day moving average is $89.93. The last closing price is up -0.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,438,621 shares of the stock were exchanged, up from an average trading volume of 391,134

Sanderson Farms, Inc. (NASDAQ:SAFM) had its target price raised to $103.00 by DA Davidson in a report released 10/5/2016. The new target price indicates a possible upside of 0.12% based on the company's last closing price.

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Sanderson Farms, Inc. (NASDAQ:SAFM)

Sanderson Farms, Inc. has a 52 week low of $64.54 and a 52 week high of $99.40 with a P/E ratio of 14.30 The company’s market cap is currently $0.

In addition to DA Davidson reporting its target price, a total of 7 brokers have issued a report on the stock. The consensus target price is $85.21 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Sanderson Farms, Inc. (NASDAQ:SAFM)

Sanderson Farms, Inc. is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and the preparation, processing, marketing and distribution of processed and prepared chicken items. The Company sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, primarily under the Sanderson Farms brand name to retailers, distributors and casual dining operators principally in the southeastern, southwestern, northeastern and western United States, and to customers reselling frozen chicken into export markets. The Company conducts its chicken operations through Sanderson Farms, Inc. (Production Division) and Sanderson Farms, Inc. (Processing Division), and its prepared chicken business through Sanderson Farms, Inc. (Foods Division). Its prepared chicken product line includes approximately 70 institutional and consumer packaged partially cooked or marinated chicken items.

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