Village Farms International (NASDAQ:VFF) Downgraded to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded Village Farms International (NASDAQ: VFF) from a "hold" to a "strong sell," while the consensus MarketBeat rating remains "Hold" amid mixed analyst views.
• VFF missed last quarter's expectations, reporting $0.02 EPS versus a $0.06 estimate and $49.62M in revenue versus $60.32M expected, and analysts forecast a -$0.15 EPS for the current year.
• The stock opened at $2.73, trades in a 52‑week range of $0.45–$4.99, has a market cap of about $314M and a P/E of 10.11, with institutional investors owning roughly 12.15% of shares.

Village Farms International (NASDAQ:VFF - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Monday,Zacks.com reports.

Several other analysts also recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Village Farms International in a research note on Tuesday, January 27th. Wall Street Zen cut Village Farms International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold".

Village Farms International Price Performance

Shares of NASDAQ VFF opened at $2.73 on Monday. Village Farms International has a 52-week low of $0.45 and a 52-week high of $4.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.93 and a current ratio of 2.64. The stock has a market cap of $314.22 million, a P/E ratio of 10.11 and a beta of 1.23. The firm has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.32.

Village Farms International (NASDAQ:VFF - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). Village Farms International had a return on equity of 5.79% and a net margin of 12.81%.The firm had revenue of $49.62 million during the quarter, compared to analyst estimates of $60.32 million. Analysts expect that Village Farms International will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Village Farms International

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Village Farms International in the 4th quarter valued at $27,000. Alpine Global Management LLC acquired a new position in Village Farms International in the 4th quarter worth $191,000. Virtu Financial LLC bought a new position in Village Farms International during the 4th quarter worth about $323,000. Susquehanna Portfolio Strategies LLC increased its holdings in Village Farms International by 299.9% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 112,417 shares of the company's stock worth $410,000 after purchasing an additional 84,309 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of Village Farms International in the 4th quarter valued at about $56,000. Institutional investors own 12.15% of the company's stock.

About Village Farms International

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.

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