Trading Report: The Amira Nature Foods Ltd. (ANFI) Raised to Strong-Buy at Vetr Inc.

The Amira Nature Foods Ltd. (ANFI) Raised to Strong-Buy at Vetr Inc.

Amira Nature Foods Ltd. (NYSE:ANFI) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage currently has a $8.70 target price on the stock. Vetr‘s price target points to a potential upside of 10.13% from the company’s current price.

Separately, Jefferies Group assumed coverage on Amira Nature Foods in a research report on Wednesday, September 21st. They issued a “buy” rating and a $13.00 price objective for the company.

Amira Nature Foods (NYSE:ANFI) opened at 7.90 on Monday. The stock’s 50 day moving average is $7.92 and its 200 day moving average is $7.68. The firm has a market cap of $282.91 million, a P/E ratio of 8.83 and a beta of -0.12. Amira Nature Foods has a one year low of $4.38 and a one year high of $14.09.

Several large investors have recently bought and sold shares of ANFI. Nwam LLC boosted its stake in Amira Nature Foods by 8.6% in the third quarter. Nwam LLC now owns 42,100 shares of the company’s stock valued at $349,000 after buying an additional 3,350 shares in the last quarter. Jefferies Group LLC boosted its stake in Amira Nature Foods by 133.6% in the second quarter. Jefferies Group LLC now owns 26,577 shares of the company’s stock valued at $197,000 after buying an additional 15,200 shares in the last quarter. FMR LLC boosted its stake in Amira Nature Foods by 1.7% in the second quarter. FMR LLC now owns 3,263,662 shares of the company’s stock valued at $24,151,000 after buying an additional 54,300 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Amira Nature Foods during the second quarter valued at $874,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Amira Nature Foods during the first quarter valued at $1,870,000. 13.90% of the stock is owned by institutional investors.

Amira Nature Foods Company Profile

Amira Nature Foods Limited is a provider of branded packaged Indian specialty rice and other products. The Company sells its products primarily under the Amira brand name to retailers, as well as foodservice customers. The Company offers a portfolio of brands that includes various brands of oils, dairy products, snacks and ready-to-eat meals.

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