Zacks Investment Research upgraded American Farmland Co (NASDAQ:AFCO) to Hold in a statement released earlier today.
- Updated: September 15, 2016
Zacks Investment Research has upgraded American Farmland Co(NASDAQ:AFCO) to Hold in a report released on 9/15/2016.
Previously on 9/13/2016, Deutsche Bank AG released a statement for American Farmland Co(NASDAQ:AFCO) dropped the target price from $9.00 to $8.00. At the time, this indicated a possible upside of 0.12%.
Showing a price of $7.43, American Farmland Co (NASDAQ:AFCO) traded 0.27% lower on the day. The last stock price is up 18.38% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. AFCO has been tracking to a 50-day average of $6.15 and two hundred day average of $6.28. 286,054 shares of AFCO exchanged hands, up from ann avg. volume of 126,962
American Farmland Co has a 52 week low of $4.95 and a one-year high of $8.00 and has a market capitalization of $0.0.
A total of 7 equity analysts have issued a report on American Farmland Co. Zero rate the company a strong buy, 0 rate the stock a buy, 0 firms rate the stock a hold, 0 rate the company to underperform, and finally 0 firmsrate the stock as sell with a consensus target stock price of $8.79
Brief Synopsis About American Farmland Co (NASDAQ:AFCO)
American Farmland Company is an internally managed real estate company. The Company owns a portfolio of farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, including farmland in development, located in select major agricultural regions in the United States. It operates through four segments: Permanent Crop, Specialty/Vegetable Row Crop, Commodity Row Crop and Development. Permanent Crop consists of its Kimberly Vineyard, Golden Eagle Ranch, Quail Run Vineyard, Blue Heron Farms, Falcon Farms and Kingfisher Ranch properties. Specialty/Vegetable Row Crop consists of its Sandpiper Ranch and Sweetwater Farm properties. Commodity Row Crop consists of its Pleasant Plains Farm, Macomb Farm, Kane County Farms and Tillar Farm. Development consists of its Blue Cypress Farm, Roadrunner Ranch, Condor Ranch (of which over 68 mature acres are subject to participating leases), Grassy Island Groves, and Pintail Vineyards and Hawk Creek Ranch properties.
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