In a report released yesterday, Sarkis Sherbetchyan from B.Riley FBR maintained a Buy rating on S&W Seed Company (NASDAQ: SANW), with a price target of $4.50. The company’s shares opened today at $3.20.
Sherbetchyan noted:
“We note: Chromatin is headquartered in Illinois and has seed operations in Texas. The company focuses on developing and marketing high-quality hybrid sorghum seeds with high yields and drought tolerance.”
According to TipRanks.com, Sherbetchyan is a 4-star analyst with an average return of 14.4% and a 63.1% 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 $5.75 average price target.
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The company has a one-year high of $4.40 and a one-year low of $2.90. Currently, S&W Seed Company has an average volume of 23.82K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SANW in relation to earlier this year.
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S&W Seed Co. engages in the production and trade of stevia and alfalfa seeds. It offers agricultural breeding, seed processing, and seed cleaning. The company was founded by Grover T. Wickersham in July 1980 and is headquartered in Hanford, CA.
