Today: The Amira Nature Foods Ltd. (ANFI) Stock Rating Upgraded by Vetr Inc.

The Amira Nature Foods Ltd. (ANFI) Stock Rating Upgraded by Vetr Inc.

Vetr upgraded shares of Amira Nature Foods Ltd. (NYSE:ANFI) from a hold rating to a buy rating in a report released on Wednesday morning. Vetr currently has $8.55 target price on the stock.

Separately, Jefferies Group initiated coverage on shares of Amira Nature Foods in a research report on Wednesday, September 21st. They issued a buy rating and a $13.00 price objective on the stock.

Shares of Amira Nature Foods (NYSE:ANFI) opened at 8.18 on Wednesday. The stock has a market cap of $292.93 million, a price-to-earnings ratio of 9.14 and a beta of -0.12. Amira Nature Foods has a 1-year low of $4.38 and a 1-year high of $14.09. The firm has a 50-day moving average of $7.77 and a 200 day moving average of $7.72.

Several institutional investors have recently made changes to their positions in the stock. Jefferies Group LLC boosted its position in shares of 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. Nwam LLC boosted its position in shares of Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock valued at $287,000 after buying an additional 6,900 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Amira Nature Foods during the second quarter valued at about $874,000. Envestnet Asset Management Inc. bought a new position in shares of Amira Nature Foods during the first quarter valued at about $1,870,000. Finally, FMR LLC boosted its position in shares of 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. Institutional investors own 13.90% of the company’s stock.

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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