Smithfield Foods (NYSE: SFD) was downgraded by investment analysts at Miller Tabak from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday.
Shares of Smithfield Foods opened at 21.58 on Thursday. Smithfield Foods has a 52 week low of $17.79 and a 52 week high of $25.12. The company has a market cap of $3.340 billion and a P/E ratio of 9.76.
Smithfield Foods last issued its quarterly earnings data on Thursday, June 14th.
The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.11. Smithfield Foods’s revenue was up 3.0% compared to the same quarter last year.
On average, analysts predict that Smithfield Foods will post $2.45 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Cleveland Research upgraded shares of Smithfield Foods from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, June 19th.
Separately, analysts at Morgan Stanley cut their EPS estimates on shares of Smithfield Foods in a research note on Tuesday. They now have an “equal weight” rating on the stock.
Finally, analysts at Zacks downgraded shares of Smithfield Foods from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, April 26th...
Source: Argentine Beef Packers S.A.
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