BNP Paribas upgraded shares of Phibro Animal Health (NASDAQ:PAHC - Free Report) to a hold rating in a research report report published on Monday morning,Zacks.com reports.
A number of other brokerages have also recently commented on PAHC. BNP Paribas Exane raised Phibro Animal Health from an "underperform" rating to a "neutral" rating and set a $24.00 target price for the company in a report on Monday, June 16th. Wall Street Zen upgraded Phibro Animal Health from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Morgan Stanley upped their price target on Phibro Animal Health from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Phibro Animal Health currently has a consensus rating of "Hold" and an average target price of $20.80.
Get Our Latest Stock Analysis on Phibro Animal Health
Phibro Animal Health Price Performance
Shares of Phibro Animal Health stock traded down $0.08 during mid-day trading on Monday, reaching $23.88. 247,450 shares of the stock traded hands, compared to its average volume of 207,387. The business has a 50-day moving average of $21.85 and a 200 day moving average of $21.92. Phibro Animal Health has a fifty-two week low of $16.16 and a fifty-two week high of $26.55. The stock has a market capitalization of $967.86 million, a PE ratio of 30.62, a PEG ratio of 0.45 and a beta of 0.74. The company has a quick ratio of 1.23, a current ratio of 2.91 and a debt-to-equity ratio of 2.67.
Phibro Animal Health (NASDAQ:PAHC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Phibro Animal Health had a return on equity of 30.51% and a net margin of 2.68%. The business had revenue of $347.80 million during the quarter, compared to analysts' expectations of $352.41 million. On average, analysts predict that Phibro Animal Health will post 1.95 EPS for the current year.
Phibro Animal Health Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.12 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.48 annualized dividend and a yield of 2.01%. Phibro Animal Health's payout ratio is 61.54%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Man Group plc purchased a new position in Phibro Animal Health in the fourth quarter worth approximately $501,000. GAMMA Investing LLC grew its position in Phibro Animal Health by 2,011.4% in the first quarter. GAMMA Investing LLC now owns 36,718 shares of the company's stock worth $784,000 after acquiring an additional 34,979 shares during the period. Lazard Asset Management LLC boosted its position in shares of Phibro Animal Health by 2,739.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,647 shares of the company's stock worth $34,000 after buying an additional 1,589 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Phibro Animal Health by 21.4% during the fourth quarter. Nuveen Asset Management LLC now owns 588,001 shares of the company's stock worth $12,348,000 after buying an additional 103,618 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Phibro Animal Health by 357.1% during the fourth quarter. Alliancebernstein L.P. now owns 130,000 shares of the company's stock worth $2,730,000 after buying an additional 101,560 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
About Phibro Animal Health
(
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Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.
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