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


B.Riley FBR analyst Sarkis Sherbetchyan reiterated a Buy rating on S&W Seed Company (SANW) today and set a price target of $4. The company’s shares closed yesterday at $2.93.

Sherbetchyan observed:

“Buy-rated S&W Seed Co. (SANW, $4 PT) reports 3Q19 (Mar.) results before the market opens on Thursday, 5/9, and will host its earnings call at 11:00am ET (dial-in: We model revenues/adjusted EBITDA of $13.5M/$(2.6M), which is relatively in line with the consensus of $13.3M/$(2.6M), respectively. We continue to believe the operating environment for agricultural companies remains challenging. For example, abnormally wet conditions and flooding in the Midwestern U.S. have disrupted farming operations, which could have delayed seed deliveries and spring plantings. Specific to SANW, mgmt.”

According to TipRanks.com, Sherbetchyan is ranked #3686 out of 5194 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for S&W Seed Company with a $5 average price target.

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The company has a one-year high of $3.75 and a one-year low of $1.81. Currently, S&W Seed Company has an average volume of 20.14K.

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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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