The stock of American Farmland Co (NYSEMKT:AFCO) reached all time high today, Oct, 3 and still has $15.78 target or 101.00% above today’s $7.85 share price. This indicates more upside for the $157.06M company. This technical setup was reported by Barchart.com. If the $15.78 PT is reached, the company will be worth $158.63 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.38% or $0.03 on October 3, hitting $7.85. American Farmland Co (NYSEMKT:AFCO) has risen 34.64% since February 29, 2016 and is uptrending. It has outperformed by 22.43% the S&P500.
Analysts await American Farmland Co (NYSEMKT:AFCO) to report earnings on November, 23. AFCO’s profit will be $1.20 million for 32.71 P/E if the $0.06 EPS becomes a reality. After $-0.01 actual EPS reported by American Farmland Co for the previous quarter, Wall Street now forecasts -700.00% EPS growth.
American Farmland Co (NYSEMKT:AFCO) Ratings Coverage
Out of 7 analysts covering American Farmland (NYSEMKT:AFCO), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. American Farmland has been the topic of 8 analyst reports since November 16, 2015 according to StockzIntelligence Inc. FBR Capital initiated the stock with “Outperform” rating in Monday, November 16 report. The rating was initiated by Deutsche Bank with “Buy” on Monday, November 16. The stock of American Farmland Co (NYSEMKT:AFCO) earned “Buy” rating by Citigroup on Monday, November 16. The stock of American Farmland Co (NYSEMKT:AFCO) earned “Neutral” rating by Janney Capital on Monday, September 12. Raymond James initiated the stock with “Outperform” rating in Friday, December 4 report. Deutsche Bank downgraded the shares of AFCO in a report on Tuesday, September 13 to “Hold” rating. Oppenheimer initiated it with “Outperform” rating and $10 target price in Monday, November 23 report. The stock of American Farmland Co (NYSEMKT:AFCO) has “Outperform” rating given on Monday, November 16 by RBC Capital Markets.
According to Zacks Investment Research, “American Farmland Company is a real estate investment trust which focused on the ownership, acquisition, development and management of farmland. Its operating segment consists of Permanent Crop, Specialty/Vegetable Row Crop, Commodity Row Crop and Development. Permanent Crop Segment which produces fruits and tree nuts; Specialty/Vegetable Row Crop Segment, which provides vegetable products; Commodity row crop Segment, which offers field crops and Development segment, which consists of its Blue Cypress Farm, Roadrunner Ranch, Condor Ranch, Grassy Island Groves, Pintail Vineyards and Hawk Creek Ranch properties. American Farmland Company is based in New York.”
More notable recent American Farmland Co (NYSEMKT:AFCO) news were published by: Marketwatch.com which released: “American Farmland stock price target cut to $8 from $9 at RBC Capital” on July 13, 2015, also Prnewswire.com with their article: “Farmland Partners Announces Transformative, Accretive Merger With American …” published on September 12, 2016, Seekingalpha.com published: “IPO Preview: American Farmland” on October 16, 2015. More interesting news about American Farmland Co (NYSEMKT:AFCO) were released by: Streetinsider.com and their article: “Form DEFA14A American Farmland Co” published on September 19, 2016 as well as Businesswire.com‘s news article titled: “American Farmland Company Prices Initial Public Offering” with publication date: October 19, 2015.
AFCO Company Profile
American Farmland Company, incorporated on October 9, 2009, is an internally managed real estate company. The Firm owns a diversified portfolio of farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, including farmland in development, located in select major agricultural regions in the United States. It operates through four divisions: Permanent Crop, Specialty/Vegetable Row Crop, Commodity Row Crop and Development. It leases its farms to professional farmer tenants under various lease structures with staggered durations, including fixed and participating leases, which typically consist of fixed base rent and participating revenue components. The Company, through its wholly owned subsidiaries, owns 100% fee simple interest in over 18 farms located in Alabama, Arkansas, California, Florida, Illinois and Georgia, consisting of approximately 16,136 gross acres of farmland.
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