Village Farms International (NASDAQ:VFF) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Village Farms International (NASDAQ:VFF) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other research analysts have also issued reports on VFF. Wall Street Zen lowered shares of Village Farms International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded Village Farms International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Village Farms International Stock Up 1.0%

VFF stock opened at $2.04 on Monday. The company has a current ratio of 3.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $2.24 and its 200 day moving average is $2.84. The stock has a market cap of $233.19 million, a price-to-earnings ratio of 5.83 and a beta of 1.30. Village Farms International has a 1-year low of $1.26 and a 1-year high of $4.99.

Village Farms International (NASDAQ:VFF) last announced its earnings results on Monday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Village Farms International had a net margin of 18.57% and a return on equity of 8.84%. The business had revenue of $50.24 million during the quarter, compared to analyst estimates of $47.81 million. Sell-side analysts predict that Village Farms International will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Village Farms International

Several institutional investors and hedge funds have recently made changes to their positions in VFF. Two Sigma Investments LP grew its stake in shares of Village Farms International by 187.2% during the third quarter. Two Sigma Investments LP now owns 1,724,648 shares of the company’s stock valued at $5,398,000 after buying an additional 1,124,085 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Village Farms International by 2,050.2% in the 3rd quarter. Millennium Management LLC now owns 1,005,263 shares of the company’s stock valued at $3,146,000 after acquiring an additional 958,511 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its holdings in Village Farms International by 116.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 1,334,631 shares of the company’s stock valued at $2,663,000 after acquiring an additional 718,382 shares during the period. Jump Financial LLC purchased a new stake in Village Farms International during the 4th quarter valued at about $598,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Village Farms International during the 4th quarter worth approximately $561,000. Institutional investors own 12.15% of the company’s stock.

About Village Farms International

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.