In a report released today, Sarkis Sherbetchyan from B.Riley FBR maintained a Buy rating on S&W Seed Company (SANW), with a price target of $4. The company’s shares opened today at $2.98.
Sherbetchyan wrote:
“Buy-rated S&W Seed (SANW, $4 PT) reports 1Q19 (Sep.) results before the market opens on Thursday, 11/8, and will host its earnings call at 11:00AM ET (dial-in: We model revenues/adj. EBITDA of $20M/$0.4M compared to consensus estimates of $15.5M/ $0.5M, respectively. We continue to believe SANW’s operating results will appear stressed in the near term and require time to recover. In the meantime, management is focused growing core alfalfa seed sales, and now, integrating the acquired Chromatin sorghum assets and IP . Recall, Chromatin is expected to be accretive to SANW’s sales and gross profits immediately and have a minimal impact to FY19 (June) EBITDA. However, SANW’s objective is to achieve positive EBITDA contribution from in FY20 and beyond.”
According to TipRanks.com, Sherbetchyan is a 4-star analyst with an average return of 5.7% and a 48.4% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Lightpath Technologies, Vishay Precision Group, and Ferroglobe PLC.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for S&W Seed Company with a $4 average price target.
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The company has a one-year high of $4.40 and a one-year low of $2.35. Currently, S&W Seed Company has an average volume of 42.09K.
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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.
