Today, Brokerages Set Phibro Animal Health Corp. (PAHC) Price Target at $26.80

Today, Brokerages Set Phibro Animal Health Corp. (PAHC) Price Target at $26.80
Phibro Animal Health Corp. (NASDAQ:PAHC) has earned an average rating of “Hold” from the eight analysts that are covering the company. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.80.

PAHC has been the topic of several recent research reports. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $29.00 price target on shares of Phibro Animal Health Corp. in a research report on Tuesday, August 30th. Guggenheim set a $30.00 price target on shares of Phibro Animal Health Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. TheStreet raised shares of Phibro Animal Health Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 30th. Gabelli cut shares of Phibro Animal Health Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, Zacks Investment Research raised shares of Phibro Animal Health Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 2nd.

Several large investors have recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of Phibro Animal Health Corp. by 546.6% in the second quarter. Nordea Investment Management AB now owns 32,668 shares of the company’s stock valued at $610,000 after buying an additional 27,616 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Phibro Animal Health Corp. by 6.2% in the second quarter. California State Teachers Retirement System now owns 39,303 shares of the company’s stock valued at $733,000 after buying an additional 2,288 shares during the last quarter. Capstone Asset Management Co. bought a new stake in shares of Phibro Animal Health Corp. during the third quarter valued at about $214,000. Prudential Financial Inc. raised its stake in shares of Phibro Animal Health Corp. by 8.9% in the first quarter. Prudential Financial Inc. now owns 56,200 shares of the company’s stock valued at $1,520,000 after buying an additional 4,600 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Phibro Animal Health Corp. during the second quarter valued at about $404,000. Institutional investors own 47.58% of the company’s stock.

Phibro Animal Health Corp. (NASDAQ:PAHC) opened at 28.05 on Tuesday. The stock has a 50 day moving average price of $26.70 and a 200 day moving average price of $22.77. The firm has a market cap of $1.11 billion, a P/E ratio of 14.69 and a beta of 1.38. Phibro Animal Health Corp. has a 52-week low of $16.80 and a 52-week high of $35.69.

Phibro Animal Health Corp. (NASDAQ:PAHC) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Phibro Animal Health Corp. had a net margin of 10.13% and a return on equity of 75.49%. The business had revenue of $188 million for the quarter, compared to analysts’ expectations of $188.85 million. During the same quarter last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts predict that Phibro Animal Health Corp. will post $1.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. Phibro Animal Health Corp.’s dividend payout ratio is currently 21.05%.

About Phibro Animal Health Corp.

Phibro Animal Health Corporation is an animal health and mineral nutrition company. The Company is engaged in developing, manufacturing and marketing products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture. The Company operates through three segments: Animal Health, Mineral Nutrition and Performance Products.

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