Rodman & Renshaw Likes Origin Agritech Prior To Earnings (SEED)

Rodman & Renshaw has some positive outlook on Origin Agritech Ltd. (NASDAQ: SEED) prior to earnings. It rates shares at Market Outperform rating and has a price target of $17.

Rodman & Renshaw writes, "We now expect the company will report a quarterly revenue of $70.9 million, gross profit of $24.3 million, and operating income of $18.4 million. We estimate net income for the quarter will be $14.0 million, translating to an EPS of $0.61."

Rodman & Renshaw is the same firm that said to buy RINO International Corporation (NASDAQ: RINO) prior to earnings.

Shares of Origin Agritech Ltd. are up strongly today, up 56 cents to $8.89.