Village Farms International (TSE:VFF) Given Buy Rating at Alliance Global Partners

Alliance Global Partners reaffirmed their buy rating on shares of Village Farms International (TSE:VFF) in a research report sent to investors on Thursday morning, BayStreet.CA reports. The brokerage currently has a C$26.00 target price on the stock.

Separately, Beacon Securities reissued a buy rating on shares of Village Farms International in a research report on Monday, September 9th.

Village Farms International stock opened at C$13.81 on Thursday. The company has a debt-to-equity ratio of 32.31, a current ratio of 2.42 and a quick ratio of 1.45. The company has a market capitalization of $695.77 million and a price-to-earnings ratio of 43.98. Village Farms International has a one year low of C$3.98 and a one year high of C$24.25. The company’s fifty day moving average price is C$15.49 and its two-hundred day moving average price is C$16.31.

Village Farms International (TSE:VFF) last posted its earnings results on Monday, August 12th. The company reported C$0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.05 by C$0.22. The business had revenue of C$55.29 million for the quarter, compared to analyst estimates of C$61.84 million. As a group, sell-side analysts anticipate that Village Farms International will post 0.81 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in VFF. Bank of Montreal Can bought a new stake in Village Farms International during the first quarter valued at about $245,000. CIBC Private Wealth Group LLC bought a new stake in Village Farms International during the first quarter valued at about $350,000. FIL Ltd bought a new stake in Village Farms International during the first quarter valued at about $665,000. Jaffetilchin Investment Partners LLC bought a new stake in Village Farms International during the first quarter valued at about $423,000. Finally, QCM Cayman Ltd. bought a new stake in Village Farms International during the first quarter valued at about $267,000.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.

Read More: How do taxes affect a CDs total return?

Receive News & Ratings for Village Farms International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Village Farms International and related companies with MarketBeat.com's FREE daily email newsletter.