S&W Seed Company (SANW) Gets a Buy Rating from B.Riley FBR


In a report released today, Sarkis Sherbetchyan from B.Riley FBR reiterated a Buy rating on S&W Seed Company (SANW), with a price target of $3.50. The company’s shares closed yesterday at $2.63.

Sherbetchyan commented:

“Company (SANW, $3.50 PT) reported 3Q19 (Mar.) results before the market open on Thursday, 5/9. Total revenues exceeded expectations on strong sales contribution from the acquired Chromatin assets and the distribution agreement from Pioneer. Sales from core products were below our model, as several large international orders were not converted to sales on political instability. The product mix drove upside to the GM%, while operating expenses were essentially in line with our expectations. As a result, adjusted EBITDA loss of $(1.2M) was better than our/consensus $(2.6M) expectation. We reduce our 4Q19 (June) estimates to reflect lower sales velocity in the core alfalfa business relative to our prior projection, as well as modestly higher operating expenses to align with mgmt.’s annual guidance.”

According to TipRanks.com, Sherbetchyan is ranked #3668 out of 5181 analysts.

Currently, the analyst consensus on S&W Seed Company is a Moderate Buy with an average price target of $4.75.

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The company has a one-year high of $3.55 and a one-year low of $1.81. Currently, S&W Seed Company has an average volume of 22.4K.

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S&W Seed Co. is an agricultural company, which engages in the production and trade of stevia and alfalfa seeds. It product portfolio include hybrid sorghum, sunflower seed,and corn. The company was founded by Grover T. Wickersham in July 1980 and is headquartered in Hanford, CA.

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