What’s Amira Nature Foods Ltd. (ANFI) Upside After Today’s Significant Increase?

March 14, 2018 - By Migdalia James

The stock of Amira Nature Foods Ltd. (NYSE:ANFI) is a huge mover today! The stock increased 3.54% or $0.15 during the last trading session, reaching $4.39. About 134,375 shares traded. Amira Nature Foods Ltd. (NYSE:ANFI) has declined 27.11% since March 14, 2017 and is downtrending. It has underperformed by 43.81% the S&P500.
The move comes after 9 months positive chart setup for the $178.27M company. It was reported on Mar, 14 by Barchart.com. We have $4.52 PT which if reached, will make NYSE:ANFI worth $5.35 million more.

Amira Nature Foods Ltd. (NYSE:ANFI) Ratings Coverage

Among 3 analysts covering Amira Nature Foods (NYSE:ANFI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Amira Nature Foods had 8 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was initiated by Jefferies on Wednesday, September 21 with “Buy”. As per Wednesday, April 19, the company rating was initiated by KeyBanc Capital Markets. On Monday, September 25 the stock rating was maintained by Jefferies with “Buy”. Jefferies maintained the stock with “Buy” rating in Thursday, June 29 report. Zacks upgraded Amira Nature Foods Ltd. (NYSE:ANFI) rating on Monday, August 10. Zacks has “Hold” rating and $11 target. The firm earned “Buy” rating on Tuesday, August 4 by Oppenheimer. The company was maintained on Friday, October 27 by Jefferies. BMO Capital Markets downgraded Amira Nature Foods Ltd. (NYSE:ANFI) on Tuesday, August 18 to “Market Perform” rating.

More notable recent Amira Nature Foods Ltd. (NYSE:ANFI) news were published by: Reuters.com which released: “BRIEF-Amira Nature Foods announces earnings release date” on May 23, 2017, also Businesswire.com with their article: “Amira Nature Foods Ltd Announces Appointment of New Independent Director” published on October 04, 2017, Businesswire.com published: “Amira Nature Foods Ltd Expands Distribution Footprint in Germany” on May 24, 2017. More interesting news about Amira Nature Foods Ltd. (NYSE:ANFI) were released by: Businesswire.com and their article: “CORRECTING and REPLACING Amira Nature Foods Ltd Announces Results for the Six …” published on November 30, 2017 as well as Marketwatch.com‘s news article titled: “Amira Nature Foods Ltd.” with publication date: March 11, 2016.

Amira Nature Foods Ltd. engages in processing, sourcing, and selling packaged Indian specialty rice. The company has market cap of $178.27 million. The firm provides various types of basmati rice, other specialty rice and other food products, ready-to-eat snacks, edible oils, and organic products for retailers under the Amira brand; and non-basmati rice. It has a 5.2 P/E ratio. It also sells bulk commodities, including wheat, barley, legume, maize, sugar, soybean meal, onion, potato, and millet products to trading firms.

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