Seneca Foods (NASDAQ:SENEA) Upgraded by Wall Street Zen to "Strong-Buy" Rating

Key Points

• Wall Street Zen upgraded Seneca Foods to a "strong-buy", raising its prior "buy" rating; Weiss Ratings also reaffirmed a "buy (b)" and the consensus analyst rating remains "Buy".
• Shares opened at $133.33 with a market cap of $902.6M and a P/E of 10.26; the stock is trading below its 50‑day moving average ($144.02) but above its 200‑day average ($125.33), within a 52‑week range of $84.65–$167.51.
• In the latest quarter Seneca reported $6.48 EPS on $508.35M in revenue, with a return on equity of 12.3% and a net margin of 5.58%.

Seneca Foods (NASDAQ:SENEA - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Seneca Foods in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Seneca Foods has an average rating of "Buy".

Seneca Foods Stock Down 0.9%

Shares of NASDAQ:SENEA opened at $133.33 on Friday. Seneca Foods has a 52-week low of $84.65 and a 52-week high of $167.51. The firm has a market capitalization of $902.64 million, a P/E ratio of 10.26 and a beta of 0.03. The stock has a 50 day moving average price of $144.02 and a 200-day moving average price of $125.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 4.34.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $6.48 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.The firm had revenue of $508.35 million during the quarter.

Institutional Trading of Seneca Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Seneca Foods in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Seneca Foods in the 2nd quarter worth approximately $36,000. CWM LLC grew its stake in shares of Seneca Foods by 75.9% in the 3rd quarter. CWM LLC now owns 475 shares of the company's stock worth $51,000 after buying an additional 205 shares during the last quarter. Quarry LP purchased a new stake in shares of Seneca Foods in the 3rd quarter worth approximately $57,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Seneca Foods in the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 42.51% of the company's stock.

Seneca Foods Company Profile

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company's core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.

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