Village Farms International (NASDAQ:VFF) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Village Farms International (NASDAQ: VFF) from a "buy" to a "hold"; the street is mixed with two Buys, one Hold and one Sell and MarketBeat shows an average rating of "Hold."
• Village Farms reported a quarterly miss—$0.02 EPS vs. $0.06 expected and $49.62M revenue vs. $60.32M expected—its stock was down about 5.2%, opened at $2.54, has a market cap of ~$292M and a 52-week range of $0.45–$4.99; analysts forecast -$0.15 EPS for the current fiscal year.

Village Farms International (NASDAQ:VFF - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

VFF has been the topic of several other reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Village Farms International in a research note on Tuesday, January 27th. Zacks Research lowered shares of Village Farms International from a "hold" rating to a "strong sell" rating in a research report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold".

Village Farms International Stock Down 5.2%

Shares of NASDAQ:VFF opened at $2.54 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.64 and a debt-to-equity ratio of 0.11. Village Farms International has a 52-week low of $0.45 and a 52-week high of $4.99. The stock's fifty day simple moving average is $3.29 and its 200-day simple moving average is $3.31. The company has a market capitalization of $292.35 million, a P/E ratio of 9.41 and a beta of 1.23.

Village Farms International (NASDAQ:VFF - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $49.62 million for the quarter, compared to analysts' expectations of $60.32 million. As a group, equities research analysts forecast that Village Farms International will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Village Farms International

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Village Farms International during the 4th quarter worth $27,000. Barclays PLC acquired a new position in Village Farms International in the fourth quarter valued at $29,000. Traynor Capital Management Inc. purchased a new stake in Village Farms International during the third quarter valued at about $31,000. Kestra Private Wealth Services LLC purchased a new stake in Village Farms International during the fourth quarter valued at about $40,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in Village Farms International during the fourth quarter worth about $43,000. 12.15% of the stock is owned by hedge funds and other institutional investors.

Village Farms International Company Profile

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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