Village Farms International (TSE:VFF) Receives “Buy” Rating from Alliance Global Partners

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Village Farms International (TSE:VFF)‘s stock had its “buy” rating reaffirmed by stock analysts at Alliance Global Partners in a research note issued to investors on Thursday, September 19th, BayStreet.CA reports. They currently have a C$26.00 price objective on the stock. Alliance Global Partners’ price objective points to a potential upside of 169.43% from the stock’s previous close.

Separately, Beacon Securities reaffirmed a “buy” rating on shares of Village Farms International in a research note on Monday, September 9th.

Shares of TSE:VFF remained flat at $C$9.65 during trading on Thursday. The stock had a trading volume of 897,400 shares, compared to its average volume of 1,243,967. Village Farms International has a one year low of C$3.98 and a one year high of C$24.25. The stock has a market capitalization of $475.51 million and a P/E ratio of 30.73. The company has a fifty day moving average price of C$13.73 and a two-hundred day moving average price of C$15.86. The company has a quick ratio of 1.45, a current ratio of 2.42 and a debt-to-equity ratio of 32.31.

Village Farms International (TSE:VFF) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.05 by C$0.22. The company had revenue of C$55.29 million during the quarter, compared to analyst estimates of C$61.84 million. As a group, analysts forecast that Village Farms International will post 0.91 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can bought a new position in Village Farms International in the 1st quarter valued at $245,000. QCM Cayman Ltd. bought a new position in Village Farms International in the 1st quarter valued at $267,000. CIBC Private Wealth Group LLC bought a new position in Village Farms International in the 1st quarter valued at $350,000. Jaffetilchin Investment Partners LLC bought a new position in Village Farms International in the 1st quarter valued at $423,000. Finally, FIL Ltd bought a new position in Village Farms International in the 1st quarter valued at $665,000.

About Village Farms International

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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