Smithfield Foods, Inc. (NASDAQ:SFD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Smithfield Foods, Inc. (NASDAQ:SFD) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $28.90.

SFD has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Smithfield Foods in a research note on Monday, December 29th. Wall Street Zen upgraded Smithfield Foods from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada bought a new stake in Smithfield Foods during the 1st quarter worth about $1,456,000. Goldman Sachs Group Inc. acquired a new position in shares of Smithfield Foods during the first quarter worth approximately $3,195,000. CWM LLC acquired a new position in shares of Smithfield Foods during the second quarter worth approximately $30,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Smithfield Foods during the second quarter valued at approximately $211,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Smithfield Foods in the second quarter valued at approximately $2,265,000.

Smithfield Foods Stock Down 2.3%

NASDAQ:SFD opened at $24.26 on Friday. The firm has a market cap of $9.54 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.31 and a beta of 0.12. Smithfield Foods has a 12 month low of $18.43 and a 12 month high of $26.07. The company’s 50-day moving average price is $23.75 and its two-hundred day moving average price is $23.16.

Smithfield Foods Company Profile

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.