Zacks Investment Research Downgrades Village Farms International (NASDAQ:VFF) to Sell

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Zacks Investment Research cut shares of Village Farms International (NASDAQ:VFF) from a hold rating to a sell rating in a research note published on Friday morning, Zacks.com reports.

According to Zacks, “Village Farms International Inc. is a producer, marketer and distributor of greenhouse-grown tomatoes, bell peppers and cucumbers primarily in North America. The Company’s operating segments consists of Produce business and the Energy business. Produce business markets and sells the product group, which consists of tomatoes, bell peppers and cucumbers. Energy business produces power. Village Farms International Inc. is based in Delta, Canada. “

Several other research firms have also issued reports on VFF. Alliance Global Partners assumed coverage on Village Farms International in a research report on Thursday, September 19th. They issued a buy rating on the stock. Craig Hallum restated a buy rating and issued a $20.00 price target (down from $30.00) on shares of Village Farms International in a research report on Monday, November 18th. Roth Capital set a $29.00 price target on Village Farms International and gave the stock a buy rating in a research report on Tuesday, September 10th. Finally, Raymond James set a $11.00 price target on Village Farms International and gave the stock an outperform rating in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $16.94.

Shares of VFF opened at $6.27 on Friday. The firm has a market capitalization of $346.88 million and a price-to-earnings ratio of -57.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 2.10. The business’s fifty day moving average price is $7.32 and its two-hundred day moving average price is $10.02. Village Farms International has a 52 week low of $2.93 and a 52 week high of $18.10.

Village Farms International (NASDAQ:VFF) last announced its quarterly earnings data on Thursday, November 14th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.23). The firm had revenue of $47.30 million during the quarter, compared to the consensus estimate of $44.40 million. Village Farms International had a net margin of 8.47% and a return on equity of 10.76%. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. As a group, research analysts forecast that Village Farms International will post 0.19 EPS for the current year.

A number of institutional investors have recently modified their holdings of VFF. Van ECK Associates Corp acquired a new stake in Village Farms International during the 2nd quarter worth $42,000. CWM LLC acquired a new stake in Village Farms International during the 2nd quarter worth $50,000. Certified Advisory Corp acquired a new stake in Village Farms International during the 2nd quarter worth $60,000. Toronto Dominion Bank raised its stake in Village Farms International by 32,788.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,222 shares of the company’s stock worth $94,000 after buying an additional 8,197 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in Village Farms International during the 3rd quarter worth $109,000. 10.19% of the stock is currently owned by institutional investors and hedge funds.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.

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